> How in the world do people store images / photos nowadays?
I had some high resolution graphic works in TIFF (BMP + LZW). To save space, I archived them using JPEG-2000 (lossless mode), using the J2k Photoshop plug-in ( https://www.fnord.com/ ). Saved tons of GBs. It has wide multi-platform support and is a recognized archival format, so its longevity is guaranteed for some time on our digital platforms. Recently explored using HEIF or even JPEG-XL for these but these formats still don't handle CMYK colour modes well.
I had some high resolution graphic works in TIFF (BMP + LZW). To save space, I archived them using JPEG-2000 (lossless mode), using the J2k Photoshop plug-in ( https://www.fnord.com/ ). Saved tons of GBs. It has wide multi-platform support and is a recognized archival format, so its longevity is guaranteed for some time on our digital platforms. Recently explored using HEIF or even JPEG-XL for these but these formats still don't handle CMYK colour modes well.