What each term actually means
A cold call has no prior connection
The person answering has not asked to hear from you and has no reason to recognise your name. Everything in the first fifteen seconds is therefore spent on a single task: giving them a reason to keep listening. Research helps, targeting helps, but the structural fact remains that you are interrupting someone who was doing something else.
A warm call continues something
There is an existing thread: an enquiry submitted, a message exchanged, a referral from someone they trust, a purchase last year, or a conversation at an event. The opening can reference that thread, which removes the permission problem entirely and lets the call start at the substance.
