Lossless Compression vs Lossy Compression

Lossless Compression	Lossy Compression
Lossless compression is a group of data compression algorithm	Lossy compression is a family of data encoding method
Used in text, program, images and sound compression technique	Used in image, audio, video compression technique
Algorithms – RLW, LZW, Arithmetic Coding, Huffman encoding, Shanon-fano encoding etc	Algorithms – DCT, DWT, Transform coding, fractual compression, RSSMS etc
Data holding capacity is less	Data holding capacity is more
Not used in data streaming	Used is data streaming

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