de facto standards meaning - EAS
- A de facto standard is a custom or convention that has achieved a dominant position by public acceptance or market forces (for example, by early entrance to the market).en.wikipedia.org/wiki/De_facto_standard
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A de facto standard is a custom or convention that has achieved a dominant position by public acceptance or market forces (for example, by early entrance to the market). De facto is a Latin phrase (literally "in fact"), here meaning "in practice but not necessarily ordained by law" or "in practice or actuality, … See more
Examples of some well known de facto standards:
• The driver's seat side in a given country often starts as a user/industry preference, turning to a local tradition, then a traffic code See moreThere are many examples of de facto consolidation of a standard by market forces and competition, in a two-sided market, after a dispute. Examples:
• Alternating current and direct current in the war of the currents.
• VHS over Betamax in the See moreWikipedia text under CC-BY-SA license De Facto Standards in Information Systems: Definition & Overview
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