Systems and methods for correlating and tagging asset-related data streams, such as multiple streams of aviation-related data, are provided. More particularly, systems and methods can be used to provide one or more portions of asset-related data as input text to a natural language processing engine to identify one or more data entities within the asset-related data streams. One or more processing rules can be generated for applying information in the form of tagging keywords and/or data entity relationships to the data entities. The one or more processing rules can be stored as part of a statistical model for evaluating subsequent portions of asset-related data and providing analyzed data and generated tags/relationships for display to a user.