Let's assume I have a column with float values (e.g., 3.12334354454, 5.75434331354, and so on). If I round these values to two decimal places (e.g., 3.12, 5.75),
I think the advantages and disadvantages of doing this would be:
Advantages:
Less memory required: Rounded values take up less space.
Smoother and faster calculations: Simplified values can speed up processing.
Better segregation: Rounded values might help in categorizing data more effectively. (Not sure).
Disadvantages:
- Loss of information: Precision is reduced, which can be critical in some use cases.
Please provide your thoughts.