Different types of Coding Schemes to represent data

Any text-based data is stored by the computer in the form of bits(a series of 1s and 0s), and follows the specified Coding Scheme. The coding scheme is a Standard which tells the user’s machine which character represents which set of bytes. Specifying the coding scheme used is very important as without it, the machine could interpret the given bytes as a different character than intended.
For Example : 0x6B may be interpreted as character ‘k’ in ASCII, but as the character ‘, ‘ in the less commonly used EBCDIC coding scheme.