Data-rate units
type of unit of measurement

In telecommunications, data rate units are commonly multiples of bits per second (bit/s) and bytes per second (B/s). For example, the data rates of modern residential high-speed Internet connections are commonly expressed in megabits per second (Mbit/s).
They are used as units of measurement for expressing data transfer rate, the average number of bits (bit rate), characters or symbols (symbol rate), or data blocks per unit time passing through a communication link in a data-transmission system.
Standards for unit symbols and prefixes
Unit symbol
The ISQ symbols for the bit and byte are bit and B, respectively. In the context of data-rate units, one byte consists of 8 bits, and is synonymous with the unit octet. The abbreviation bps is often used to mean bit/s, so that when a 1 Mbps connection is advertised, it usually means that the maximum achievable bandwidth is 1 Mbit/s (one million bits per second), which is 0.125 MB/s (megabyte per second), or about 0.1192 MiB/s (mebibyte per second). The Institute of Electrical and Electronics Engineers (IEEE) uses the symbol b for bit.
Unit prefixes
In both the SI and ISQ, the prefix k stands for kilo, meaning 1000, while Ki is the symbol for the binary prefix kibi-, meaning 1024. The binary prefixes were introduced in 1998 by the International Electrotechnical Commission (IEC) and in IEEE 1541-2002 which was reaffirmed on 27 March 2008. The letter K is often used as a non-standard abbreviation for 1,024, especially in "KB" to mean KiB, the kilobyte in its binary sense.
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