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NVMe stands for Non-Volatile Memory Express. This term refers to a high-performance, efficient interface protocol designed specifically for accessing non-volatile storage media, such as solid-state drives (SSDs). NVMe allows these drives to perform at much higher speeds compared to traditional storage solutions, leveraging the capabilities of high-speed PCIe (Peripheral Component Interconnect Express) buses.

The importance of NVMe lies in its ability to reduce latency and increase the input/output operations per second (IOPS), which leads to significantly faster data transfer rates and improved overall performance in computing systems. This protocol was developed to exploit the potential of flash memory technologies, making it a pivotal development in the evolution of computer storage.

Other interpretations of the acronym do not align with the established terminology in computing and technology, which is why they don't accurately represent what NVMe signifies in the context of storage interfaces.

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