Innovation and standards
Innovation can relate to ideas, products, services or processes and can be applied in every business activity, ranging from the development of a new product or service through to its delivery.
Companies can integrate their innovations and knowledge into a standard, which means that their products or services will be more readily accepted by the market. Standardisation is a strategic tool for companies seeking to innovate.
Standards accelerate innovation
Existing standards can be used in research, development and testing phases for new products or services. This accelerates the innovation process and makes it less expensive.
Standards can also help to speed up improvements in production or administrative processes.