Memory is a biological process, that information is coded and returned. Above memory is something that shapes human identity and distinguishes human beings from other living things. Memory gives people the ability to remember the past, and move forward in the future. Memory is a complex collection of electrochemical reactions through various sensory channels and stored in a very complex and unique neural network throughout the brain. This dynamic memory is constantly changing and evolving as the information gets stored. So, remember it is the brain's process of storing information and bringing it back.
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Yes, you just about summarised the whole idea. If we store without an ability to retrieve, we cannot really say that we have memory.