This document discusses image compression techniques. It begins by defining image compression as reducing the data required to represent a digital image. It then discusses why image compression is needed for storage, transmission and other applications. The document outlines different types of redundancies that can be exploited in compression, including spatial, temporal and psychovisual redundancies. It categorizes compression techniques as lossless or lossy and describes several algorithms for each type, including Huffman coding, LZW coding, DPCM, DCT and others. Key aspects like prediction, quantization, fidelity criteria and compression models are also summarized.