It's always a good idea to back up your data before upgrading, but you will not lose your historical data when upgrading Splunk.
http://splunk-base.splunk.com/answers/64659/how-can-i-upgrade-splunk-from-4-to-5-without-data-lost
It's always a good idea to back up your data before upgrading, but you will not lose your historical data when upgrading Splunk.
http://splunk-base.splunk.com/answers/64659/how-can-i-upgrade-splunk-from-4-to-5-without-data-lost