The document provides an overview of JPEG image compression. It discusses that JPEG is a commonly used lossy compression method that allows adjusting the degree of compression for a tradeoff between file size and image quality. The JPEG compression process involves splitting the image into 8x8 blocks, converting color space, applying discrete cosine transform (DCT), quantization, zigzag scanning, differential pulse-code modulation (DPCM) on DC coefficients, run length encoding on AC coefficients, and Huffman coding for entropy encoding. Quantization is the main lossy step that discards high frequency data imperceptible to human vision to achieve higher compression ratios.