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Power system sector is the back bone for any country economic growth. In current years, electric power systems have experienced various challenges and technological innovations and have become digitalized with the introduction concept of smart grids. Power systems are being operated in a stressed condition mainly due to the ever increasing load demand, depleting energy resources and environmental constraints on Transmission line expansion. This article focus mainly role of Big Data in various industrialization in brief and specifically applied in the power system studies along with other sectors. Also focuses on using very large data collections, which are difficult to access in standard database systems and also refers to as big data, to manage and monitor the power system. System stability is an significant goal for power engineers to use this huge amount of data to run the system in their rated capacity, power sector can beneficial of various potential solicitation of power system by the use of large-scale data analysis that can help improve the optimization process and helps for the power system to operate in the effective manner.