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Yes, I work with Big Data pretty regularly. Currently looking at some model outputs that are accruing at ~60TB per day, with retrospective runs on the order of several PB. However, none of this involves DBs, other than for metadata. The models run on supercomputers and the analysis is mainly there, but the less challenging stuff is done via distributed computing with a mix of Java and R (using Spark etc.).
Yes, that's Big Data. It's got nothing whatsoever to do with databases, it's map reduce, distributed computing, predictive analytics, data science. It's not a SQL Server DB.
What sort of kit are they buying? Hopefully starting sensibly and then scaling...