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Error:java.lang.OutOfMemoryError: GC overhead limit exceeded

Error Log

<strong>Error</strong>:java.lang.OutOfMemoryError: GC overhead limit exceeded

Or 

<strong>Error</strong>:Execution failed for task ':projectName:transformClassesWithDexForDebug'. > 
com.android.build.api.transform.TransformException: com.android.ide.common.process.ProcessException: 
java.util.concurrent.ExecutionException: com.android.ide.common.process.ProcessException: 
org.gradle.process.internal.ExecException: Process 'command '/Library/Java/JavaVirtualMachines
/jdk1.8.0_101.jdk/Contents/Home/bin/java'' finished with non-zero exit value 3

<strong>Error</strong>:java.lang.OutOfMemoryError: GC overhead limit exceeded

<strong>Error</strong>:Execution failed for task ':projectName:transformClassesWithDexForDebug'. >

com.android.build.api.transform.TransformException: com.android.ide.common.process.ProcessException:

java.util.concurrent.ExecutionException: com.android.ide.common.process.ProcessException:

org.gradle.process.internal.ExecException: Process 'command '/Library/Java/JavaVirtualMachines

/jdk1.8.0_101.jdk/Contents/Home/bin/java'' finished with non-zero exit value 3