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A Data Lake refers to the massive collection of raw files that may be hosted in different and typically distributed storage systems. It is a centralized store that permits users to store their organized and unstructured information of any scale. Their profoundly scalable environment can support amazingly huge information volumes and accept data in its local format from a wide assortment of data sources. Data Lakes is an emerging concept geared to unleash the power of data relevant for analysis within and outside an organization. This paper gives details of Data Lake as a service and through industry specific use cases, we discuss how Data Lakes can be used to discover, govern and explore data, so that it can be turned into a strategic asset through advanced analytics. Data Lakes is a game-changer not because it saves a lot of IT budget, but because the Data Lakes can help the business make a whole bunch of money!
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