This is a format created in the Acorn Draw program, intended for image visualization by using vector lines. It’s used for storing information in the publishing business (brochures, logotypes, etc.). The main advantage is it’s high quality source images when printing. It’s been in use since 1980.
TIFF is a format for storing raster graphics. It is used for scanning and OCR text, faxing, printing industry, is widely supported by a variety of graphics applications. The format was developed by Aldus Corporation in collaboration with Microsoft for use with PostScript. Who is copyright to it owns Adobe Systems. The format used to store images with great depth of color.