The disclosure relates to a framework for dynamic management of analytic functions such as data processors and machine learned (“ML”) models for an Internet of Things intelligent edge that addresses management of the lifecycle of the analytic functions from creation to execution, in production. The end user will be seamlessly able to check in an analytic function, version it, deploy it, evaluate model performance and deploy refined versions into the data flows at the edge or core dynamically for existing and new end points. The framework comprises a hypergraph-based model as a foundation, and may use a microservices architecture with the ML infrastructure and models deployed as containerized microservices.