Is big data an outdated term?

I'm curious, is the term 'big data' still relevant in today's digital age? With the rapid advancements in technology and the sheer volume of data being generated on a daily basis, could it be considered an outdated concept? Are there newer, more accurate terms that have emerged to describe the vast amounts of information we're now able to collect and analyze? Or does 'big data' still accurately encapsulate the essence of the challenge we face in making sense of all this information?