Data communication involves the transmission of data between two points using a communication system consisting of a sender, receiver, transmission medium, and protocols. The document discusses the basic components of a communication system including guided media like twisted pair cables, coaxial cables, and fiber optic cables for transmitting data along a physical path, and unguided media like radio waves, infrared, and Bluetooth that transmit through open space. It also describes common communication devices used like modems, network interface cards, routers, and switches/access points to connect computers and transmit data over networks.