Final answer:
The volatile memory referred to in the question is Random Access Memory (RAM), which is used by computers to temporarily hold data for quick access by the CPU during program execution. It's comparable to human short-term memory that processes sensory information and lasts about 15 to 30 seconds.
Step-by-step explanation:
The volatile type of memory used for temporary storage while a program is running is commonly known as Random Access Memory (RAM).
Unlike secondary storage, such as USB drives and disk drives, which are used for long-term storage, RAM is designed to hold data that is frequently accessed by the CPU to quickly read and write data necessary for running programs and applications.
Once the computer is turned off, the data in RAM is lost, hence why it is considered volatile.
This temporary storage plays a critical role in a computer's performance because RAM speed and capacity can greatly affect the system's overall ability.
Short-term memory (STM), in the context of human cognitive functions, is similar to the concept of RAM in a computer.
STM is the system that processes incoming sensory information and can connect this information to long-term storage or discard it after a short period, which usually lasts about 15 to 30 seconds.
Like computer RAM, short-term memory holds items temporarily for ongoing tasks.