Real time analytics is the leading edge of a smart data revolution, pushed by Internet advances in sensor hardware on one side and AI/ML streaming acceleration on the other. Center for Accelerated Real Time Analytics (CARTA) explores the realm streaming applications of Magna Analytics. The center works with next-generation hardware technologies, like the IBM Minsky with onboard GPU accelerated processors and Flash RAM, a Smart Cyber Physical Sensor Systems to build Cognitive Analytics systems and Active storage devices for real time analytics. This will lead to the automated ingestion and simultaneous analytics of Big Datasets generated in various domains including Cyberspace, Healthcare, Internet of Things (IoT) and the Scientific arena, and the creation of self learning, self correcting “smart” systems.