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.
JPEG is one of the most popular graphic formats used for storing still images and similar images. JPEG algorithm is capable of compressing the image as lossy and lossless. The most widely used JPEG received in digital photography and picture archiving and communication via the Internet. JPEG compression is not suitable for drawings, text and iconic graphics.