In virtually all real systems, data is aged off after some number of months, either truncated or moved to cold storage. Most applications are about analyzing recent history. Everyone says they want to store the data online forever but then they calculate how much it will cost to keep exabytes of data online and financial reality sets in. Several tens of petabytes is a more typical data model given current platform capabilities. Expensive but manageable.
The more fundamental point that the GP is making is that the realm of industrial sensor data scales in ways that people haven't really grasped yet. It's much less about brute storage than it is about the interplay between bandwidth, storage, and concurrent processing power.
So, the problem is that you threw away 90% of your data, and that's where the problem was. Oops. Now you have to switch on "Save all the data" and hope it repeats. So, given that you have to have a "Save all the data" switch anyhow, you might as well turn it on from the start.
In addition, changepoint analysis is an entire field of research in and unto itself.
Look at how many articles there are about analyzing "Did something break in my web service or am I really doing 10% more real traffic?"