HEIC (High Efficiency Image Coding) is an image file format developed by MPEG (Moving Pictures Experts Group) for storing multiple and individual images. Unlike JPEG, HEIC uses both lossless and lossy compression to deliver a small file size with high-quality photos. Today, Apple devices, later than iOS 11, are using HEIC as their native image format.
TIFF (Tagged Image File Format) is a standard computer image file format used for saving raster graphic images. It was first developed for desktop publishing by Aldus Corporation, which was later acquired by Adobe Systems in 1994. Interestingly, TIFFs can store information in lossless format and also supports the LZW compression algorithm for reducing the file size.