"collect" – apparently to the intelligence community, it means storing data but not looking at it
I think they already got your brains with their newspeak. As I understand the issue, the sentence should be:
"collect" – apparently to the intelligence community, it means collecting and looking at data. Merely collecting the data does not count if no human eyes looked at it. There are probably other logical AND conditions that they don't yet talk about (it doesn't count if the data come from a different postal code, the looked-at data must be on the screen for at least 1.5 minutes in the same format and order it was collected in, three colleagues must bear witness that the data was looked at, ...) .
Or maybe you got it right and they redefine the data as uncollected if it was looked at?