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Acronym
Term
Definition
AI
Artificial Intelligence
The ability of a computer system to perform tasks that are usually done by humans because they require human intelligence. Examples include visual perception, speech recognition, decision-making, and translation between languages.
AIoT
Artificial Intelligence of Things
The application of AI in IoT use cases.
ARR
Annual Recurring Revenue
ARR is annual recurring revenue from subscriptions.
IaaS
Infrastructure-as-a-Service
A form of cloud computing that provides virtualized computing resources over the internet (storage, networking, and virtual compute resources).
IIoT
Industrial Internet of Things
The application of IoT to industrial use cases.
IoT
Internet of Things
A system of internet-connected physical objects that are able to collect and transfer data over a wireless network, providing the basis for digital add-on services.
OEM
Original Equipment Manufacturer
An organization that makes devices from component parts bought from other organizations.
PaaS
Platform-as-a-Service
Internet-based tools and middleware for building applications.