Disclosed are a system and method for training and managing a prediction model, and a master apparatus and a slave apparatus for the same. there is provided a system for training and managing a prediction model, the system including a master apparatus configured to generate a prediction model, train the prediction model, and obtain the trained prediction model; and a slave apparatus configured to collect data, transmit the data to the master apparatus, receive the prediction model or the trained prediction model from the master apparatus, and operate based on the prediction model or the trained prediction model. The master apparatus is further configured to generate the prediction model or train the prediction model based on the data transmitted from the slave apparatus.