Sumit,
To add to what Samarth said, even now PreparedStatements help by saving the parsing cost. Soon, too, for UPDATE VALUES, we'll also avoid recompilation when using a PreparedStatement. I'd encourage you to use them.
Thanks,
James

On Mon, Sep 14, 2015 at 9:32 PM, Samarth Jain <samarth@apache.org> wrote:
Hi Sumit,

Phoenix doesn't cache query plans as of yet. Once we move over to Calcite parser and optimizer (which is a work in progress), we will hopefully start doing that which is when your suggested approach of using PreparedStatement with bind params would be beneficial.

- Samarth

On Mon, Sep 14, 2015 at 9:13 PM, Sumit Nigam <sumit_only@yahoo.com> wrote:
Hello,

I am using Phoenix 4.5 with Hbase 0.98.1. 

PreparedStatement is preferred in case of say Oracle, etc. to help with effective use of query plans (with bind params). Does it also have same guarantees with Phoenix or does the Phoenix query engine treat both Statement and Prepared statement equally and I can use any of these with similar performance characteristics?

Thanks,
Sumit