The document discusses image compression techniques. It introduces compression goals of minimizing file size while maintaining quality. It then covers compressing grayscale images using global thresholding and Huffman encoding. The document demonstrates this method on a "mask" image, outputting the compression ratio and bits per pixel. It also covers compressing color images using wavelet-based methods like SPIHT. The quality of the compressed "wpeppers" image is assessed using MSE and PSNR metrics.