The document discusses key storage concepts for database administrators including latency, IOPS, and bandwidth. Latency refers to the delay in a storage system's response to an I/O request, typically measured in milliseconds for disk and microseconds for flash. IOPS represents the number of input/output operations per second a storage system can support. Bandwidth refers to the amount of data that can be transferred per second, measured in megabytes or gigabytes per second. These concepts are related, as IOPS and latency increase as storage systems approach maximum throughput. It is important for DBAs to understand how applications will impact I/O patterns in terms of these concepts when choosing appropriate storage solutions.