BSI (British Standards Institution) - “The compelling need exists for an open document-format standard that is capable of creating and preserving the billions of documents that have been created in the preexisting binary formats…” This does not mean that the standard has to be a new XML representation of the preexisting binary formats. There is already an open document-format standard that is capable of preserving the documents, and that already has widespread use and for some time its evolution has “enjoyed the checks and balances afforded by an open standards process.”
http://www.fanaticattack.com/2008/a-deluge-of-facts-kos-ooxml-office-open-xml.htm
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