Systems and methods for removing background noise in an industrial pump environment

A system for monitoring a component of a pump in an industrial environment, the system comprising:

• a data acquisition circuit structured to interpret a plurality of detection values, each of the plurality of detection values corresponding to at least one of a plurality of input sensors operationally coupled to the pump and communicatively coupled to the data acquisition circuit;
• a data processing circuit structured to utilize at least one of the plurality of detection values to perform at least one noise processing operation on at least a portion of the plurality of detection values;
• a signal evaluation circuit structured to determine a pump performance parameter in response to the noise processed portion of the plurality of detection values;
• and
• a response circuit structured to perform at least one operation in response to the pump performance parameter,
• wherein the at least one operation comprises storing at least a portion of a characteristic vibration fingerprint of the component of the pump and the pump performance parameter on a data marketplace, wherein the data marketplace is self-organized and automated, and wherein the characteristic vibration fingerprint is organized in the data marketplace for consumption by consumers for identifying a pump performance parameter of a second pump.