First difference is on power. Hibernate consumes zero power because all the system goes down to sleep while in standby except CPU and RAM all system sleep down. However, CPU and RAM consumes some power (1 to 6 watts) to remain in operative state.
Risk of losing the data in standby is high because it may happen that after gradually decreasing in power suddenly system can shut down automatically. So, all the unsaved data will be lost. There is no such risk of compromising on data in case of hibernate.
In boot back up of system, standby is much faster than hibernate.
In standby sleep mode, system wake up in a second after pressing any key or power button while hibernate takes some time (30 second to 2 minutes) to come back in original state.
Hibernate
To be in a dormant or torpid state during a cold period, especially during the winter.
Standby
One that can always be relied on, as in an emergency.
Hibernate
To be in an inactive or dormant state or period
"In Lawrenceville people hibernated and life passed them by" (Jacqueline Susann).
Standby
One kept in readiness to serve as a substitute.
Hibernate
To spend the winter in a dormant or inactive state of minimal activity, low body temperature, slow breathing and heart rate, and low metabolic rate; to go through a winter sleep.
Hedgehogs and bears are two of the many mammals that hibernate in winter.
Standby
A mode of operation for a computer, television, or other electronic device in which the power is on and the device is ready for immediate use.
Hibernate
(intransitive) To live in seclusion.
Standby
Kept in reserve for use when needed
A standby generator.
Hibernate
To enter a standby state which conserves power without losing the contents of memory.
Standby
Of, relating to, or waiting for unreserved travel space that is made available by an airline only shortly before departure
Standby passengers.
Hibernate
To winter; to pass the season of winter in close quarters, in a torpid or lethargic state, as certain mammals, reptiles, and insects.
Inclination would lead me to hibernate, during half the year, in this uncomfortable climate of Great Britain.
Standby
On a standby basis
Flew standby to New York.
Hibernate
Sleep during winter;
Bears must eat a lot of food before they hibernate in their caves
Certain animals estivate
Standby
A state of readiness without immediate involvement; remaining in preparation for (a sudden or unforeseen event or situation).
The troops were on standby in case of an attack.
Hibernate
Be in an inactive or dormant state
Standby
(electronics) sleep mode
Standby
(travel) Waiting at the airport in the hope of getting a seat on a flight that is already booked out.
Standby
Something that is standard, well-tested, or frequently used.
That recipe is an old standby, and she keeps the ingredients around in case of unexpected guests.
Standby
To wait briefly, as for additional communication by radio or telephone; stand by
Standby while I check that for you.
Standby
Something that can be relied on when needed
Standby
An actor able to replace a regular performer when required
Standby
Ready for emergency use;
A standby generator
A standby crew
Hibernate is that sleep option of Microsoft Windows OS, which saves the image of desktop by keeping all the files and documents in open state then goes for power down of computer. After then, whenever you turn on power, all your files and documents, that were in open state on desktop, presented before as it as they were left by you. Hibernate is the best technique to save the power because first it saves your RAM memory in hard disk and then shuts down the all system and saves as much power as it can. But there will be no effect on your opened files and documents because due to hibernate function all the memory of RAM memory will goes to hard disk and your files and documents will remain in open state when you will come back. It is suitable when your system is inoperative for a longer time and you do not bother to start it after shut down.
Standby is also a sleep mode option of Microsoft Windows OS and performs the same work as performed by hibernate but in different style. Unlike hibernate it does not shuts down the whole computer. In fact, it cuts down the power of peripheral devices, which are not in operative state along with monitor and hard disk, but keeps on the power of CPU and RAM. So, by this option system keeps all the open files and documents on desktop in default state and remain open when you will come back to your system again. After pressing any key or power button of system, your system will wake up within a second. Standby is most suitable option for booting. Boot back up of system can be better performed with high speed in standby mode.