Implement data caching to improve application performance

[Hemanthr1]

Issue Description

Our application currently fetches data from the server for each request, which can lead to unnecessary network calls and slower performance. Implementing a caching strategy will help reduce server load and improve response times.

Environment

For Frontend Issues:

• Browser: All modern browsers

Steps to Reproduce

This is a general improvement task, not tied to a specific bug. The issue affects the entire application.

Expected Behavior

• Faster data retrieval for repeated requests
• Reduced network traffic and server load
• Improved application responsiveness
• Ability to display some data when offline or during poor network conditions

Additional Context

• Consider different caching strategies for different types of data
• Ensure secure handling of sensitive data in cache
• Balance between data freshness and performance gains

Acceptance Criteria

• Measurable improvement in data retrieval times for cached requests
• Proper cache invalidation to ensure data consistency
• Fallback mechanisms for cache misses or network failures
• No negative impact on application functionality or data integrity
• Documentation of the caching strategy and usage guidelines