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http://www.bbc.co.uk/skillswise/factsheet/ma35data-e3-f-presenting-data-in-different-ways

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Backing up regularly can help preventing this from being a serious issue

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Hard drives - Slowest storage option but have the largest capacity out of all of the storage devices.
SSD (Solid state drive) - This is a faster option than the hard drive but normally has a much lower capacity but this is made up for in the greatly increased speeds.
M.2 SSD- This new SSD plugs directly into the motherboard increasing the speed of the SSD further! Thus you will have roughly the same amount of storage as an SSD but with much more speed. This is show in the price of the product. These SSD are the most expensive.

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The hard drive may crash so you don't lose all your data you can use a RAID hard drive to recover lost data

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Software is typically stored in the hard drive of the computer and is accessed through the RAM

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Software such as Microsoft's Access or SQL have the potential to use a series of forms and tables to store large amount of data. This data can quickly be analyzed and found using queries to turn into useable data, via graphs