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The '@Data' and '@AllArgsConstructor' annotations from Lombok serve different purposes.

The '@Data' annotation generates getters, setters, equals, hashCode, and toString methods for all fields in the class. This minimizes boilerplate code and makes the class more concise.

The '@AllArgsConstructor' annotation generates a constructor with parameters for all fields in the class. This saves time and effort in writing constructors, especially for classes with many fields.