Difference between Lossy data compression and Lossless data compression techniques

Q. Difference between Lossy data compression and Lossless data compression techniques.

No.	Lossy data compression	Lossless data compression
1.	Identify unnecessary or less relevant data and remove it,and also remove repeated information.	Break file into smaller segments for storage or transmission that get reassembled later same as original file.
2.	It can not be used to compress anything that needs to be reproduced exactly.	It can be used to compress anything that needs to be reproduced exactly.
3.	Digital data compression.	Analog data compression.
4.	Make loss in some information for lifetime.	No loss of any information.
5.	Non-reversible in original form of the data.	Reversible in original form of data.
6.	Greatly increased compression.	Not better than Lossy compression.
7.	Used when there is no problem in data loss.	Used when data loss matters.
8.	Example, Audio,Video,Picture compression etc...	Example, .zip file,7z, .rar file,Software compression etc...

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