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Both software and the data it operates on is stored long term on hard disk or the ROM and short term in the RAM.

In many computers in the past magnetic tapes, punched cards, or punched tapes were used instead of hard disks to store software and data long term.

One thing to realize on modern computers is that software is just a special case of data (i.e. data that is executable code), the only difference is how the computer hardware interprets it as it reads it from RAM or ROM..

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