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.