With the coming together of PCs and mobile devices, we are witnessing an unprecedented increase in enterprise mobility. Today, mobiles and tablets are ubiquitous in any work place. Employees access most of their business applications by using mobile devices. Some industries, such as education, manufacturing, and healthcare, have responded quite well to this trend, and they allow their employees to access corporate data by using mobile devices securely. This trend of allowing employees to access corporate data from personal devices is referred to as Bring your own device (BYOD). This paper analyzes the challenges involved with byod, the ways to leverage the benefits and also brings out the best practices in order to effectively utilize the BYOD trend.