This is bulk storage device. We have to deal with huge amount of data in many application. But we don't have so much semiconductor memory to keep these information in our computer. On the other hand, semiconductor memories are volatile in nature. It loses its content once we switch off the computer. For permanent storage, we use magnetic disk. The storage capacity of magnetic disk is very high.
For different application, we use different data. It may not be possible to keep all the information in magnetic disk. So, which ever data we are not using currently, can be kept in removable media. Magnetic tape is one kind of removable medium. CD is also a removable media, which is an optical device.