An elevator system includes a component adapted to perform a function, a sensor, and a control configuration. The sensor is configured to detect an operating parameter associated with the function. The control configuration is configured to receive a parameter signal from the sensor, and extract a predesignated feature from data associated with the parameter signal. The predesignated feature is then aggregated by the control configuration and machine learning is applied to determine a degradation level of the function associated with the predesignated feature.