What is the primary function of the National Institute of Standards and Technology (NIST)?

The primary function of the National Institute of Standards and Technology (NIST) is to strengthen the U.S. economy and improve quality of life. NIST plays a critical role in the development and promotion of measurement standards, technology, and practices to ensure consistency, reliability, and equality across various sectors. This not only enhances innovation but also facilitates trade and fosters trust in the marketplace. Through its initiatives, NIST supports advancements in technology and science, thereby contributing significantly to economic growth and overall societal well-being.

In contrast, while other roles like developing hardware, managing technology administration, or establishing regulations may seem relevant, they do not encapsulate the broader mission of NIST as a whole. Instead, these tasks are often specific functions or projects that NIST might engage in as part of its mission to support quality and efficiency across industries.