You are tasked with improving the efficiency of a data warehouse that stores terabytes of historical sales data. What techniques can you employ to reduce storage costs while maintaining data accessibility?

Using a columnar storage format can help reduce storage costs while maintaining data accessibility in a data warehouse storing terabytes of historical sales data. Unlike traditional row-based storage, columnar storage stores data by column rather than by row, which can significantly reduce storage requirements, especially for datasets with many repeated values or sparse data. This approach also improves query performance for analytics workloads, making it an effective technique for large-scale data warehousing environments.