Impact study of big data on capitalism and socialism

It has been a revolutionary change in the world with the invent of Big data even mentioned as the next Big Thing[1]. This Paper derives out implementation of Big data on the grounds of capitalism and socialism. Bifurcation of different sectors are defined in these domains and reviews the amount of work being done in said fields. Enough research is done in some particular domain, still some are lagging behind where big data can bring out pragmatic results. Paper also covers, with so many work being done, Still a huge research & improvement is required on data acquisition as a major challenge.