Final answer:
The four operations are known as the Information Processing Cycle, essential in transforming data into useful information in computing systems.
Step-by-step explanation:
The four operations of input, process, output, and storage are collectively considered to be the Information Processing Cycle. These operations are fundamental to the functioning of computers and other information systems, describing the steps taken to transform data into useful information. Memory in both humans and computers involves common functions like encoding information (input), retaining information (storage), and retrieving information (output).