1. A system for providing real-time analysis of an electrical system under management, comprising: a data acquisition component communicatively connected to a sensor configured to provide real-time data output from an element of the electrical system; a virtual system modeling engine configured to generate predicted data output for the element of the electrical system; and an analytics engine communicatively connected to the data acquisition system and the virtual system modeling engine, the analytics engine configured to monitor and analyze a difference between the real-time data output and the predicted data output.