XML is a new way for computers to exchange data. The dictionary, which is the essential element everyone needs to agree on to develop the XML standards, will be presented to the industry at the IIAA's Convention in September. This fast track response is especially critical to independent agents who have the most to lose from a lack of standardization and industry fragmentation. To be successful we must have a common language. There is an important lesson in this example for independent agents.
New technology offers new challenges and new opportunities.
In other words, be prepared to make the most of new opportunities as they become available. Helping agents succeed in doing this is what the Agents Council for Technology is all about. Next month, during the IIAA Annual Convention at Caesars Palace in Las Vegas, ACT will unveil a Blueprint for Electronic Commerce. It will help you better understand technology as you chart your course and navigate this sea of change which surrounds you. This will help us work together to maximize the full potential of our distribution system.