LZO is a compression algorithm designed for fast compression and decompression. It is commonly used in applications that require quick data processing, such as backups and system utilities. LZO files are often used in Linux environments and support high-speed compression for large datasets.
7Z is a compressed file format used by the 7-Zip software. It provides high compression ratios, making it ideal for compressing large files and directories. 7Z files are compatible with several file archivers, including the free 7-Zip utility, which can compress and extract files from 7Z archives.