Time is such a problem in computing.
I mean the answer is both, with movement through time being foundational, as data doesn't have to change, but time is fundamentally change, which data is subject to...wait- this is borderline getting into Information Theory & Co because data is just a structured representation of information.
"...here, transmission through space (typically signaling), is the same as transmission through time(typically storage)..."
At some point, a system stops being a set of parts, and starts being a network of connections.