Systems and methods for managing a portfolio of assets in a facility

Abstract

Various embodiments described herein relate to systems and methods for managing assets in a facility. Initially, first data comprising first model data associated with a first asset is received. The first data is compared with second data to determine a first similarity score such that the second data comprises second model data associated with a second asset. Further, first and second telemetry data associated with the first and second assets, respectively are received. Stationarity of the first telemetry data with the second telemetry data is determined using one or more first tests. The stationarity facilitates determination of a second similarity score. Application of machine learning models on the first and second telemetry data determines a third similarity score. Similarity between the first and second assets is identified based on the first, second, and third similarity scores. Actions are provided for the first asset based at least on the similarity.