The various embodiments herein provide a method and system for building a relationship hierarchy from big data. The method comprises extracting a plurality of relationships defined between entities from a big data, building relationship recognition models adapted to identify different forms of generic relationships, resolving the relationships by grouping the similar relationships together and separating the relationships which are syntactically and semantically dissimilar and reconciling the resolved relationships to build the relationship hierarchy. The relationship hierarchy comprises groups and subgroups of relationships created based on generic relationship similarity based on a contextual aspect and a specialization aspect using a Language and Domain model. The method of extraction of plurality of relationships from the unstructured data is a self-learning process which uses open information extraction techniques for learning new relationships.