Minimization (noun)

The process of reducing or decreasing something to the smallest possible size or amount.

Origin:

From the latin word minimum, meaning "the smallest" and -ization, meaning "the act of making something".

Examples:

1. The company's goal was to achieve cost minimization.
2. The process of minimization was used to remove redundant data.
3. The minimization of the environmental impact was a key consideration in the project.
4. The algorithm was designed to find the global minimization of the function.
5. The minimization of the error rate was a primary objective of the experiment.