Explanation: A customizable language for the exchange of information between systems.
Department: Information Technology
Cost: Free programming standard. Labor costs are normal for technical employees.
Recommendation: XML has become a dominant standard for data exchange. This is a great replacement for traditional Electronic Data Interchange (EDI) systems.
Analogy: Create your own data structure, then transmit your information to someone else who can then analyze your information from within the structure you designed.
Associated Jargon: XML, schema, SGML, parser
More Info: http://en.wikipedia.org/wiki/XML; http://www.w3.org/XML/
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