XML in global business

With the explosively use of World Wide Web, more and more business organizations are now participating in the global trade market using HTML, HTTP and XML technologies. XML (Extensible Markup Language) is the universal format for structured documents and data on the web. XML allows you to use a tag structure to indicate the location of the data in the XML documents. Many corporations are using EDI together with XML to maximum the benefits internally and externally in the electronic environment.

Benefits of XML :

- A relatively low-cost solution to achieve global electronic communication
- Allow easy integration of applications
- Capable to support more complicated document structures
- With the use of Stylesheet, it can meet different requirements of the layout of forms
- Enable user to view and print the trading documents in any locations with a browser
- Improve speed in exchanging and transacting business information
- Improve accuracy by preventing human intervention
- Improve security in transmitting trading documents
- Increase competitive advantage over competitors who do not use XML