The amount of data we are now generating is astonishing. Data has also evolved dramatically in recent years, in type, volume, and velocity. There are several frameworks available for handling the big data applications. The Lambda Architecture is data processing framework that can handle both batch and stream processing. This paper gives an overview of the Lambda Architecture. Aside from a brief introduction to the Lambda Architecture, major current and envisaged fields of application, as well as advantages, and limitations of use are discussed.