Oracle provides several types for storing binary data such as BFILE, BLOB, BAW(L), and LONG RAW to handle data like images, sounds, and videos. Typically, in real-world projects, images and sounds are not stored directly in the database. Instead, the paths to the files are stored, and only when security requirements are high, the actual files might be stored in the database. BAW(L), LONG RAW, BLOB, and BFILE each serve different use cases depending on the data type and storage requirements.