Industry standards are established guidelines or criteria that help ensure products, services, and processes meet certain quality and safety levels. These standards are often developed by organizations such as the International Organization for Standardization (ISO) or American National Standards Institute (ANSI) and are used across various sectors, including manufacturing, technology, and healthcare. By adhering to industry standards, companies can improve efficiency, enhance customer satisfaction, and facilitate trade. Compliance with these standards can also help businesses avoid legal issues and ensure that their offerings are competitive in the marketplace, ultimately benefiting both producers and consumers.