System and a method for asset monitoring in an industrial plant

An industrial automation system for condition monitoring of an industrial plant having a plurality of assets, the industrial automation system comprising:

• an authoring unit communicatively coupled to a cloud infrastructure, the authoring unit configured to generate an information model by:
• dynamically receiving a scheme for condition monitoring from a user formulated using a plurality of graphical blocks in a user interface, wherein the plurality of graphical blocks includes graphical representations of one or more input parameters, one or more function models, and one or more device type models, wherein the plurality of graphical blocks are interconnected by a plurality of interconnections provided by the user, wherein the one or more input parameters are associated with operational data corresponding to at least one asset of the plurality of assets;
• generating an information model based on the received scheme for condition monitoring using an engineering tool in the cloud infrastructure, wherein the information model generates an output comprising a recommendation for a control action;
• and
• storing the information model in a machine readable file format on the cloud infrastructure;
• and
• a condition monitoring unit communicatively coupled to the authoring unit and the cloud infrastructure, the condition monitoring unit configured to process the operational data using the information model to generate the recommendation for the control action.

A method for condition monitoring of an industrial plant having a plurality of assets using an industrial automation system, the method performed by the industrial automation system, the method comprising:

• receiving operational data of the industrial plant, the operational data associated with at least one asset of the plurality of assets;
• obtaining an information model corresponding to the at least one asset from a cloud infrastructure accessible by the industrial automation system, wherein the information model is representative of a dynamically updated scheme for condition monitoring of the at least one asset, and wherein the information model includes one or more input parameters associated with the operational data, one or more function models, one or more device type models, and a custom module with a corresponding remote procedure call, wherein the custom module is provided with wrapper functions to create the remote procedure call, and wherein the remote procedure call comprises a representative state transfer (REST) based remote procedure call, or a simple object access protocol (SOAP) based remote procedure call;
• and
• processing the operational data using the information model to generate a recommendation for a control action, wherein the processing the operational data comprises executing the custom module in a container form using the information model.