What does lossy compression mean?

Related questions

1. How does parquet compression work?
2. What type of files would be compressed using lossless compression?
3. What is the distance between compression and rarefaction?
4. What is compression and rarefaction?
5. What is the difference between lossy compression and lossless compression?
6. What is data compression techniques?
7. Does parquet file store schema?
8. What's the difference between lossy and lossless compression?
9. How does a file get compressed?
10. How does lossless compression reduce file size?

Tags

1. #content
2. #irreversible
3. #represent
4. #class
5. #encoding
6. #reduce
7. #approximations
8. #handling
9. #techniques
10. #discarding
11. #information
12. #technology
13. #lossy
14. #methods
15. #compression
16. #transmitting
17. #partial
18. #storing
19. #these
20. #inexact