“…In lossy compression, irrelevant and less significant data are removed permanently, whereas, in lossless compression, every detail is preserved and only statistical redundancy is eliminated. In short, lossy compression allows for slight degradation in the data, while lossless methods perfectly reconstruct the data from its compressed form [5][6][7][8]. There are many applications for lossless data compression techniques, such as medical imagery, digital radiography, scientific imaging, zip file compression, museums/art galleries, facsimile transmissions of bitonal images, business documents, machine vision, the storage and sending of thermal images taken by nano-satellites, observation of forest fires, etc.…”