What does cPanel Stats "IOPS" indicate?

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In the cPanel Stats there is an entry labeled "IOPS". Currently mine reads 434 / 1,024, and it seems to be going up fairly quickly. What does this entry indicate? What happens when it reaches 1,024 / 1,024?
Hello, Thank you for your question on the cPanel IOPS stat. IOPS stands for "Input/Output Operatios Per Second". If the number indicates that it has gone over the limit, nothing happens at this time. This is because that stat is currently not reporting accurate numbers. This is a known CloudLinux issue and is currently being investigated by our System Architects. Kindest Regards, Scott M