The National Institute of Standards and Technology (NIST) is a U.S. government agency that develops and promotes measurement standards. Established in 1901, NIST plays a crucial role in ensuring that measurements are accurate and consistent across various industries, from manufacturing to healthcare. This helps businesses and consumers trust the quality of products and services. NIST also focuses on research and innovation, providing guidelines and frameworks for cybersecurity, which are essential for protecting sensitive information. By collaborating with other organizations, NIST helps improve technology and safety standards, benefiting both the economy and public welfare.