How do you evaluate the trade-offs between lossy and lossless data compression methods?
Data compression is a technique that reduces the size of data files by removing redundant or unnecessary information or by encoding the data more efficiently. Data compression can help save storage space, improve performance, and lower costs for your database administration. However, not all compression methods are the same, and you need to understand the trade-offs between lossy and lossless data compression methods before applying them to your data.