Smart Data aims to filter out the noise and produce valuable data, which can be effectively used by enterprises and governments for planning, operation, monitoring, control, and intelligent decision making. Although unprecedentedly large amount of sensory data can be collected with the advancement of the Cyber-Physical-Social systems, the key is to explore how Big Data can become Smart Data and offer intelligence. Advanced Big Data modeling and analytics are indispensable for discovering the underlying structure from retrieved data and further acquiring Smart Data.