Are Open Standards an Oxymoron?

Connectivity. Compatibility. Cookie-cutter. From software to hardware and everything in between, the energy industry’s global reach has primed the pump, yet the debate wages on. Will an open set of standards be developed or leveraged by those already in use?

“It’s about understanding that you have context and conduit. It’s about letting the whole world know what the protocol is to access context.”
Sekhar Venkat, IDC Energy Insights

“We’ve actually had very good relations with some of those countries, in particular China and India. Those countries are starving for some of the information API has.”
Bob Greco, API

“The most important standard to set first is the standard for the information itself. ... It is very important that the standards body or the standards group come to consensus very quickly on what kind of format the information will have. That would allow us quick dissemination of the information across the industry.”
Dan Piette, OpenSpirit

“So much complexity …” “The new standard may be great, but it’s the migration part that is killing everybody.”
Sekhar Venkat, IDC Energy Insights