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The effort of “Smart Grid” is to modernize grid infrastructure and build-in intelligence to power grids and delivery systems, and their interfaces to customer premises. However, the perspectives range from an emphasis on infrastructure to an emphasis on new paradigm-shifting applications. Alternatively, the smart grid can be thought of as the advanced information technologies that enable the desired analytical applications. As a general understanding, we believe that Smart Grid needs to integrate power system analysis, computing and economics to enhance grid reliability, efficiency, and security, and contributes to the climate change strategic goal. In this Supersession, the analytics that empowers smart grid applications is discussed; and the practical implementation and integration challenges will be presented.