Data is now everywhere and is still growing at a really rapid pace. It is amplifying every alternate years and it is successfully altering our existence. If IBM is to be believed, today approximately 2.5 billion gigabytes of data was generated till 2012, followed with comments from Forbes that data is doubling up at a pace more than it got generated. They also suggest that by 2020, nearly 1.7 billion of data points or information will be generated per second from human inhabitants of this planet. With this increase in data at lightning speed, new terminologies and requirements associated with data processing and data management are also emerging.