Glossary and Acronyms

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.