A data management system comprises a multi-latency logical data store and an associated controller. The multi-latency logical data store comprises a first data store having a first data latency and a second data store having a second data latency substantially different than the first data latency. The controller is configured to manage the multi-latency logical data store utilizing multi-latency data sets each of which provides at least one multi-latency link between at least a portion of a data set from the first data store and at least a portion of a data set from the second data store. By way of example, the first data store may comprise a low-latency data store and the second data store may comprise an analytic data store having a substantially higher data latency than the low-latency data store. The data management system is implemented using one or more processing devices of a processing platform.