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XML


This undefined vocabulary feature allows extensibility in that industry specific terminology is no longer a programming hurdle as in the past (Bos, 1999). XML applications can easily be tailored to plug in and bridge the communication between once stand-alone software. Resource intensive new software investments can be avoided by making use of existing databases and familiar programs. .
             XML can be used with a large assortment of other languages and is not specific to any one operating system or vendor. It is text based and Unicode compliant and can be translated into the many commonly used written languages (Walsh, 2003). This allows for more businesses that run a variety of platforms and operate internationally to take advantage of this technology. .
             Along with XML comes a family of helpful resources designed to automate frequently used tasks and offers services to make writing the language efficient and user friendly. These applications like XLink (standardizes hyperlink addition to a file), XPointer (points to a specific part of an XML document), and XSL (an advanced style sheet language) are simply plug-in style tools with more still under development (Bos, 1999). The ease of use will translate into less investment in education and highly trained software programmers. This along with the fact that it is relatively easy to consume generalized pre-fabricated xml-based software will allow for its market acceptance. .
             Potentially standing to make the most use of this technology is the financial services industry. In this industry the commodity is content, which must be delivered accurately, on time and often in a highly standardized environment. This has sprouted a standardized form of XML-based information transfer called fnXML. This software is bridging the gap between the various financial institutions to offer more reliable results to customers and industry partners (Kotok, 2003). .
             Another example of a company making use of XML based software is the before mentioned Daimler Chrysler division's, Freightliner.


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