The document discusses binary search, an efficient algorithm for finding a target value within a sorted collection. It works by repeatedly dividing the search space in half and focusing on only one subdivision, based on whether the target value is less than or greater than the middle element. This reduces the number of iterations needed. The key steps are to calculate the middle element, compare it to the target, and either search the left or right half accordingly. Binary search provides significant performance gains over linear search for large sorted datasets.