A telematics system in an asset network is provided. The telematics system includes one or more sensors configured to acquire data from multiple assets at different locations in the asset network. The telematics system also includes a transceiver configured to receive the data acquired from the one or more sensors. The telematics system further includes a data analysis system. The data analysis system includes a central data server configured to receive the data transmitted from the transceiver. The data analysis system also includes a processing circuitry configured to combine data, analyze combined data to detect trends, generate value added services based on the detected trends and distribute the value added services to multiple end users.