The present subject matter discloses a system and a method for data archival. A data archiving system comprises a processor and a compression module coupled to the processor and configured to compress an original data file to generate, for each level of lossy compression, a compressed base file and a patch file. The base file is generated using a lossy compression technique. The patch file for a particular level of lossy compression is generated using information lost at the particular level of lossy compression. The data archiving system further comprises a data archiving module coupled to the processor. The data archiving system is configured to save a last base file and a plurality of patch files corresponding to each level of lossy compression, where the last base file is the base file corresponding to a last level of lossy compression.