EMC, IBM, and Microsoft announced a joint specification on interoperable Web Services for enterprise content management. The companies intend to submit the Content Management Interoperability Services specification to OASIS (Organization for the Advancement of Structured Information Standards) for advancement through its rigorous standards development process. Currently, companies waste a lot of money in productivity on content management. There are several advantages (1) An open specification will result in a higher knowledge based as developers are tied to a vendor specific implementation (2) Organizations with multiple CMS systems will be able to integrate the data more easily (3) Web Services will be decoupled from the CMS database.