## Method 1.
Add-Type -AssemblyName System.IO.Compression.FileSystem;
$source = "D:\Exports\BigFile.dat";
$archive = "C:\Exports\BigFile.zip";
$zipArchive = [System.IO.Compression.ZipFile]::Open($archive, 'Create');
[System.IO.Compression.ZipFileExtensions]::CreateEntryFromFile($zipArchive, $source, (Split-Path $source -Leaf));
$zipArchive.Dispose();

## Method 2.
$source = "D:\Exports\BigFile.dat";
$archive = "C:\Exports\BigFile.zip";
Compress-Archive -Path $source -DestinationPath $archive -CompressionLevel Fastest;