Uncompressed size: 31.75 MB vs. 2.88 MB compressed.
Your recording uses 44,100 Hz sample rate, 16-bit depth, and 2 channels - CD quality.
The raw uncompressed bitrate is 1,411.2 kbps. At this rate, 1 minute of audio uses 10.58 MB.
Compressing to 128 kbps reduces the file to 2.88 MB, saving 90.9% of storage space.
This file is manageable for most projects. A typical 4 GB SD card holds thousands of similar files.
Next stepFor streaming and podcasts, 128-192 kbps AAC or MP3 is the sweet spot between quality and size. For archiving, keep the uncompressed master and distribute compressed copies.