The document discusses various physical storage media used in computers including cache, main memory, flash memory, magnetic disks, optical disks, and magnetic tapes. It classifies storage based on characteristics like speed of access, cost, and reliability. RAID systems are described which provide storage virtualization through techniques like mirroring and striping across disks to improve performance and reliability. Different RAID levels are outlined including RAID 0, 1, 2, 3, 4, 5, and 6.