It standardizes "a language to transport, store, and exchange (possibly large volumes of) event data (e.g., for process mining)".
Process mining depends on the availability of accurate and unambiguous event logs, according to established standards.
The purpose of this standard is to provide a generally acknowledged (W3C) XML format for the interchange of event data between information systems in many applications domains on the one hand and analysis tools for such data on the other hand.
As a result of this standard, if the event data is transferred using the syntax as described by this standard, its semantics will be well understood and clear at both sites.
The 2023 revision of the standard has been approved on the 5th of June 2023 and introduces the following changes:[2]