As I understand the technologies, WAV is a raw, uncompressed format and FLAC is a compressed but lossless format.
My research has shown that FLAC files "still maintain all the audio fidelity"src of WAV.
I'm just wondering: Could I be saving a significant amount of disk space by converting all of my WAV originals to FLAC? Or would I lose audio data that might be important in the future if I want to (re)process my recordings?