A system for use with an electric machine is provided. The system includes a processor and a memory comprising a set of memory modules, which, when executed by the processor, cause the processor to perform certain operations. The operations include receiving operational data from the electric machine, and generating, based on the operational data, a first set of diagnostic data, by executing a first memory module from the set of memory modules. The operations further include generating, based on the operational data, a second set of diagnostic data, by executing a second memory module from the set of memory modules, the second memory module including a set of parameters associated with a diagnostics model of the electric machine. Furthermore, the operations include effecting, based on the operational data, the first set of diagnostic data, and the second set of diagnostic data, a change in at least one parameter.