DDEX users avoid significant training costs each time new data feed is implemented
Forrester Consulting also anticipates that as more organizations implement DDEX in the future, new entrants and the overall DDEX ecosystem may experience the following benefits:
Where one or both partners have already implemented DDEX standards, the time to automate message exchange with new partners will be significantly shortened.
Benefits of adopting DDEX will further improve with increased adoption
Akoo is very pleased to be an early mover in developing and commercially deploying DDEX standards," said Akoo's Chief Technology Officer George Stoikos.
DDEX welcomes Akoo to its organization," added Mark Isherwood, DDEX Chief Operating Officer.
DDEX was formed in 2006 by an industry-wide consortium of the world's leading companies and organizations involved in the digital music supply chain.
We are pleased at the opportunity to contribute to DDEX and also, ensure that the independent music sector has a seat at the table", said Pifer, "The adoption of standards is crucial for the continued growth of our industry and for the adoption and propagation of new technologies that support the marketing efforts of labels and artists.
To this end, The Orchard will be taking a lead role in looking at how DDEX might apply standards in the exchange of digital data in the web 2.
In October 2008, DDEX announced a wave of implementations of its digital communication standards.
The end result of implementing DDEX standards for digital content businesses is faster time to market, improved operational quality and efficiency, improved data quality, reduced transaction management costs, reduced communication costs and reduced development costs.