The document discusses the Fast Fourier Transform (FFT) algorithm. It explains that FFT reduces the number of computations needed to calculate the Discrete Fourier Transform (DFT) of a sequence by decomposing the DFT into successive DFTs of smaller sizes. Specifically, it breaks down the N point DFT into multiple N/2 point DFTs recursively until it reaches DFTs of size 1. This decomposition reduces the complexity from O(N^2) for DFT to O(NlogN) for FFT.