Context: One of my colleague is arguing I can't use one of my baseline equipment for a long lifetime (15years) product because it is not an "industry standard" and might become obsolete and unsupported during that timescale.
Question: So when should we consider a particular equipment or device is an industry standard? Is there a database? How are industry standards defined?
This is not intended to be an open-ended question: "industry standard" appears to be a well-defined definition and I'm looking for that definition (I've looked at several sources including wikipedia and it doesn't help), guidelines on how to identify them, and explanations of how they are defined