Open table formats are transforming modern data architectures by enabling seamless interoperability across storage and compute layers. By supporting features such as ACID (atomicity, consistency, isolation, durability) transactions, schema evolution, and multi-engine access, they empower organizations to build flexible, scalable, and AI-ready data platforms. This report explores how open table formats are removing key barriers to data flexibility, unlocking interoperability, scalability, and readiness for AI-driven innovation.