Secondary storage devices hold information regardless of whether the computer has power. Examples include floppy disks and hard drives. Secondary storage is slower than primary storage but is used for storing programs and data due to its larger size and lower cost. Magnetic tapes and disks are common sequential and direct access storage devices that differ in their access methods and performance characteristics. Tapes are portable but slow to access random data while disks allow faster random access but have lower capacity than tapes.