Final answer:
EDI is being replaced by web-based formats like XML and JSON for data exchange over the Internet.
Step-by-step explanation:
EDI (Electronic Data Interchange) was the standard data format used for exchanging business documents between companies. However, with the rise of the Internet, EDI is being replaced by newer technologies. Now, companies are using web-based formats like XML (eXtensible Markup Language) and JSON (JavaScript Object Notation) to exchange data over the Internet.
These formats offer advantages like cheaper, faster, and better-quality data transmission. They also enable the development of spin-off technologies like free Internet-based calling and video calling.