1. A system, comprising: a plurality of grid sensors in a utility grid configured to generate grid data values selected from the group consisting of raw grid data values, processed grid data values, and any combination thereof, and to communicate the grid data values using a communication network; a plurality of distributed grid devices in the utility grid configured to receive grid data values, one or more of the plurality of grid devices configured to convert the raw grid data values into processed grid data values; and a plurality of application devices in the utility grid configured to access the grid data values from the distributed grid devices and to further process the grid data values according to a particular grid application operating at the corresponding application device into application data values.