Question 515 - CGEIT discussion

Standardization is the process of establishing and applying common rules, formats, definitions, and methods for data collection, storage, processing, and exchange. Standardization is critical for enabling data interoperability, which is the ability of data to be shared and used across different systems, platforms, applications, and organizations. Standardization can help improve data interoperability by:

Enhancing the quality, consistency, and accuracy of data

Reducing the complexity and ambiguity of data

Increasing the compatibility and comparability of data

Facilitating the integration and analysis of data

Promoting the reuse and sharing of data

According to the CGEIT Review Manual 2022, 'Standardization is the process of developing and implementing technical standards.The goals of standardization can be to help with independence of single suppliers (commoditization), compatibility, interoperability, safety, repeatability or quality.'1

According to the UN Statistics Wiki on Data Interoperability Guide2, ''Standardization is a key enabler for interoperability. It allows for a common understanding of data elements across different systems and domains.''

According to the ISO/IEC 38500:2015 standard on Information technology --- Governance of IT for the organization3, ''Standardization can improve interoperability between systems within an organization or between organizations.''