The document discusses different types of storage devices and media. It explains that storage devices write and read data from storage media, which is the physical material that holds data, like the surface of a floppy disk. The two main storage technologies are magnetic, which uses iron particles on disks and tapes to store data magnetically, and optical, which uses pits and lands on disks to store data through reflected light. Formatting prepares magnetic disks for use by dividing them into tracks and sectors to organize how data is stored.