A fluid monitoring system has a plurality of sensors, the sensors being acoustically coupled to a pipe system containing interconnected fluid-transporting pipes. The sensors collect sensor data that is analyzed by an analysis system to provide leak identification on the pipe system. Each sensor in the plurality of sensors is configured to be programmed adaptively by the analysis system to improve system performance parameters. A method for analyzing fluid flow is also described in which data from a plurality of acoustic sensing devices is analyzed using learning algorithms.