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What does commoditize mean?

Looking for the meaning or definition of the word commoditize? Here's what it means.

Verb
  1. (US, business, proscribed) To transform into a commodity, particularly of an existing product.
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Novell has worked closely with DMTF, SNIA and open source communities to modularize, standardize, commoditize and virtualize the IT environment.
The tipping point to commoditize Chardonnay appears to be only 90,000 bearing acres in California.
Let's hope this heralds a worldwide movement to commoditize education for the common good.
I don't think we can commoditize individuals and simply regard them as something of business value to be sold on.
As advances in broadband communications diffuse information more quickly, basic technologies commoditize and the premium on innovation increases.
I don't think we'll ever commoditize health care to the point that it'll be like buying cars.

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