Convert to a Different Format

Converting audio files from uncompressed formats like WAV, AIFF, or FLAC to compressed formats like MP3 or AAC is indeed an effective way to reduce file size. These compressed formats utilize various encoding techniques to discard some audio data that is less perceptible to the human ear, resulting in a smaller file size.

Many audio editing software tools, including Audacity and Adobe Audition, offer the capability to convert audio files between different formats. This conversion process typically involves selecting the desired output format and adjusting specific settings such as bitrate and quality, depending on the software you are using.

It's worth noting that when converting to a lossy compressed format like MP3 or AAC, there will be some loss of audio quality due to the data compression. Therefore, it's important to choose an appropriate bitrate or quality level that balances file size reduction with acceptable audio quality for your specific needs.