What are your thoughts about standardized testing?

I have recently been going on over and over again on the topic of standardized testing. There are a lot of people who agrees that standardized testing isn't a measure of intelligence/capability/competence. I, for one, agrees with this point of view. There are far more other aspects that constitutes a person's intelligence, other than their ability to score full mark on a test. Please share your opinions on the matter, and maybe even add up some suggestions on how you think we should carry on with our education system.