Ensuring all features are on a comparable scale, preventing models from giving undue importance to any particular feature.
Speeding up convergence in optimization algorithms, as features on a similar scale lead to smoother and faster gradient descent.
Standardization is used to center features around the mean with unit variance, benefiting algorithms with different units or scales and outliers.
Feature scaling is crucial for algorithms like distance-based models (K-nearest neighbors (KNN) and support vector machines (SVM)) and gradient-based algorithms (neural networks) to ensure accurate and efficient model training.