Lossless audio of course involves large file sizes, which was a good reason not to do it back in the early days of iTunes when we were all on slow connections. But that’s not a good argument against it today.
Spotify used to only display data on songs if they had more than 1000 streams. Thankfully they changed that. You can now view streaming stats on your top 200 songs, and you can segment that data using a time filter.