The format is designed for Kodak cameras to store uncompressed RAW images in their original form without auto color and white balance correction. The file has a TIFF-structure that allows you to edit the color temperature and exposure of the finished image without losing information and quality, which is something that cannot be done with JPEG format images.
This is a format for storing graphical vector images used in the Adobe Illustrator program and other software for processing vector graphics. EPS can have a binary or ASCII structure. It can contain raster images, 2D vector graphics and text. It’s also applied as a convenient format for transmitting images among several programs or operation systems.