Memory is the ability to encode, store, and retrieve information and experiences. It involves three main types: sensory memory (less than 1 second), short-term memory (less than 1 minute), and long-term memory (lifetime). Long-term memory includes implicit memory (procedural skills) and explicit memory (facts and autobiographical events), which has episodic memory for personal experiences and semantic memory for general knowledge. Multiple areas of the brain work together to form and retrieve memories. Factors like age, intelligence, interest, sleep, and meaningfulness of information impact memory strength and retention.