Fast Fourier Transform (FFT) is an algorithm that divides a signal into its frequency components, with each component being a sinusoidal oscillation with its own amplitude and phase. An FFT rapidly computes the Discrete Fourier Transform (DFT) by factorizing the DFT matrix, reducing the complexity from O(n2) to O(n log n). FFT is widely used for applications like filtering, encoding, and solving difference equations. There are two main types of FFT analysis: the discrete Fourier transform, which transforms a sequence into frequencies, and the inverse FFT, which transforms frequencies back into a sequence. FFT analysis is useful for measuring signal frequencies but requires adequate sampling to avoid aliasing lower frequencies as higher ones.