Based on the factors mentioned above, you can choose between lossy and lossless image compression by following some general guidelines. If you want to use the image for web purposes, such as online sharing, posting, or viewing, you can opt for lossy compression, as it will reduce the file size and speed up the loading time, and the image quality will be acceptable for most viewers. However, if you want to use the image for print purposes, such as publishing, printing, or scanning, you should opt for lossless compression, as it will preserve the image quality and details, and the file size will not matter as much. Similarly, if you want to use the image for editing purposes, such as cropping, resizing, or applying filters, you should opt for lossless compression, as it will allow you to modify the image without losing any information or introducing any artifacts. However, if you want to use the image for archiving purposes, such as storing, backing up, or transferring, you can opt for lossy compression, as it will save you storage space and bandwidth, and the image quality will not degrade over time.