Snowflake Time Travel gives access to historical data (which is any data that has either been changed, lost, or deleted).
With Time Time Travel you can also:
1. Make clones of schemas, tables, or even databases
2. Restore these schemas, tables, and databases
However, once the period of time that is defined has passed, the data will be moved into Snowflake Fail-Safe and these features can no longer be carried out.