A system and a method manage and use data related to a wellbore or a drill string. The system and the method may provide remote access to tools in a drill string using a network. In addition, the tools have access to the data. In a disclosed embodiment, the tools are able to automatically access the data needed to optimize or improve function of the tools. An example of the network is a wireless network where the tools may be monitored and/or controlled remotely by an application. A linking tool is optionally provided to communicate with the network and one or more of the tools.