This document is a lecture by Kalyan Acharjya that covers the fundamentals of image compression, including definitions, processes, and types of compression such as lossy and lossless. It discusses various techniques for reducing image data size while retaining necessary information and explores coding, inter-pixel, and psycho-visual redundancies. The lecture also introduces common algorithms like Huffman and LZW coding and emphasizes the importance of understanding compression standards for practical applications.