Information exchange refers to the process of transferring data or knowledge from one entity to another, which can occur between individuals, organizations, systems, or devices. The goal is to share information for various purposes, such as collaboration, decision-making, or communication. Key aspects of information exchange include: 1. **Formats and Standards**: Information can be exchanged in various formats (e.g., text, images, audio) and often follows specific standards or protocols to ensure compatibility and understanding (e.g.
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