What are the advantages of SVG over other image format like JPEG or GIF?

Following are the main advantages of using SVG over other image formats:
- It is possible to scale the SVG images.
- They can be created and edited with any text editor
- The print quality of these image is high at any resolution.
- It is possible to zoom the SVG images without any degradation in the quality.
- SVG images can be searched, indexed, scripted, and compressed