US Patent 11342933 Lossy significance compression with lossy restoration

Described are systems and methods for lossy compression and restoration of data. The raw data is first truncated. Then the truncated data is compressed. The compressed truncated data can then be efficiently stored and/or transmitted using fewer bits. To restore the data, the compressed data is then decompressed and restoration bits are concatenated. The restoration bits are selected to compensate for statistical biasing introduced by the truncation.