"Standards provide industries and innovators with a common language that facilitates trade, simplifies transactions and enables people to work together toward greater common goals that cut across disciplines and borders" - National Institute of Standards and Technology (NIST)
Technical standards are mandatory norms or requirements developed by professional committees. They are designed to ensure products, procedures, and services are consistent, compatible, safe, and effective. There are thousands of active standards (ISO has published more than 22,600!), and they affect almost every product or service we encounter.