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This video tutorial by Taylor provides six different techniques for compressing a PowerPoint presentation to reduce file size. It is recommended to use a combination of these techniques depending on the specific needs. Compression may be necessary when struggling to share the presentation or experiencing slow performance due to large media files like pictures, videos, or 3D models. The tutorial includes tips on how to compress images in PowerPoint, showing the significant space-saving potential by adjusting the image resolution from 330 PPI to 96 PPI, ideal for email.