A method and system (20) is provided for condition based monitoring reliability maintenance capabilities for an asset (70), such as one or more machines, by establishing a network including of a sensor (60) or a plurality of sensors installed, temporarily or in generally fixed locations, on asset (70), wherein sensor (60) provides time sequenced operational information in the form of data based on vibrations, temperature, electrical signals, or other operating conditions. Sensors (60) are connected to a local controller (40) which transmits the data via a local or wide area network (45), either through wired or wireless communication paths, in data packets, each containing divided portions of the operational information. The data packets are mapped and stored into multiple, dedicated databases for ease of retrieving and analyzing the data. Preferably, a cloud-based storage arrangement (120) is employed to storing the mapped data.