Is XML the eBusiness savior?

In 1998 there were various moves towards XML as an EDI replacement. Towards the end of that year UN/EDIFACT users demanded that UNECE (CEFACT) created an XML solution in order to protect is investment and leading role as the standards setter in electronic information exchange.
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What are Open Standards?

In the past I have posted a number of articles that mention Open Standards. Reading other Blogs and news articles about standards, what they are and what is expected of them, it is clear to me that there is a lot of confusion.
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