EDI Standards, or Electronic Data Interchange Standards, are a set of guidelines that allow businesses to exchange documents electronically in a standardized format. These standards help ensure that different computer systems can communicate effectively, reducing errors and improving efficiency in transactions such as orders, invoices, and shipping notices. Common EDI Standards include ANSI X12 and EDIFACT, which define the structure and format of the data being exchanged. By adhering to these standards, companies can streamline their operations, enhance collaboration with partners, and facilitate faster processing of business transactions.