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Today's video tutorial discusses how digital images are represented, compressed, and stored. Images are typically represented as matrices with pixel intensity values, and color images have separate channels for red, green, and blue. Despite this common representation, images are not stored on a disk in the same way. Storing a 12-megapixel color image with 8-bit values would result in a 36-megabyte file, but in reality, the file size can be much smaller due to compression techniques. The tutorial examines an example where a 12-megapixel image only occupies 2 megabytes, highlighting the effectiveness of compression methods in reducing file sizes.