Big Data: A Boon or Bane - The Big Question

Big Data is the buzzword in the industry and academia alike. The reasons for this are not difficult to comprehend - we are living in an electronic age surrounded by exponentially increasing volume and heterogeneity of data. Study of Big Data is a huge opportunity to understand more from data - previously unseen patterns & analysis which was not possible earlier. However, just like any other technology Big Data is akin to a double edged sword, along with the opportunities and benefits it comes with its own set of problems. In this paper we strive to weigh the benefits and the banes of the technology. We start with a brief introduction to Big Data followed by an overview of related work done by the author(s) before moving on to area of focus of the paper and ending with concluding remarks and references.