MPEG has developed standards that are used daily by billions of people. A non exhaustive list includes MP3, Advanced Audio Coding (AAC), MPEG-2 Systems and Video, Advanced Video Coding (AVC), MP4 File Format, DASH. Other MPEG standards were widely used in the past but their use is gradually fading out, such MPEG-1 Video, and MPEG-1 Audio Layer 2. This because MPEG is always ready to exploit the latest technology innovations to create new standards that offer new advantages because they…

In a now distant­ past companies used to be run by engineers. If a company had the right product – backed by good research and developed, indeed, by engineers – people would buy it. Then having a good product was not sufficient and many companies decided that the company had to be run by marketers. Then having a good marketing was not sufficient and so many companies decided that accountants should run them. Eventually many companies were run by lawyers…