A system and related method for building and deploying one or more inference models for use in remote condition monitoring of a first fleet of a first asset. The system includes model configuration data for subsequent use by a model builder application to construct one or more desired inference models for the first asset. The model configuration data is customized to the first asset and the desired one or more inference models, and is provided in a format which is easily readable and editable by a user of the system. The model configuration data is separate from the underlying processing algorithms which are employed by the model builder application in the constructing of the one or more desired inference models during a learning mode of operation of the system.