DSP algorithm for Image compression

Dear All,
I am a new member in this group, I am developing a image compression
algorithm on a texas dsp tms320c6701.The algorithms needs to be run
within 0.1 sec.The DSP has a processing speed of 160Mhz. What kind of
algorithm will I choose.I am looking for a algorithm that can compress
the image about 80%.How can I analyze, how much time my dsp algorihm
is taking. I am using the texas instrument code composer studio
1.1 IDE.The dsp card is in the PCI slot.I appreciate any help in this
regards.
Thanks & regards,
Shibasis

DCT and IDCT for Jpeg.
or Wavelet Transform for Jpeg 2000.


"SHIBASIS" <shibasis_ganguly@hotmail.com> wrote in message
news:aeb97571.0307221102.2d3dec81@posting.google.com...
> Dear All,
> I am a new member in this group, I am developing a image compression
> algorithm on a texas dsp tms320c6701.The algorithms needs to be run
> within 0.1 sec.The DSP has a processing speed of 160Mhz. What kind of
> algorithm will I choose.I am looking for a algorithm that can compress
> the image about 80%.How can I analyze, how much time my dsp algorihm
> is taking. I am using the texas instrument code composer studio
> 1.1 IDE.The dsp card is in the PCI slot.I appreciate any help in this
> regards.
> Thanks & regards,
> Shibasis