This document summarizes image compression techniques. It discusses why images need to be compressed to reduce file sizes and speed up transmission. It describes how digital images are composed of pixels and color components. The document then covers lossless compression algorithms like Run Length Encoding (RLE) and LZW, which use statistical redundancy or dictionaries to compress images without loss of information. It also mentions lossy compression techniques like quantization that can achieve higher compression ratios but result in some loss of visual quality.