What? No they aren't, I work with satellite imagery processing which is quite large in it raw data format, and after a decade we are not dealing with petabytes of active data, hundreds of gigs for a full earth coverage.
Before that I have held positions in finance, dealing with realtime transaction processing. We did not work in petabytes.
If you are working in petabytes you are storing crap in your production database, and 99% of that data is wasted.