Glossary and Acronyms
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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. |
SaaS | Software-as-a-Service | Software-applications provided via the Internet. |