The example embodiments are directed to a system and methods for determining to update a machine learning model based on model degradation. In one example, the method may include one or more of receiving data acquired at an edge of an Internet of things (IoT) network from an industrial asset, executing a machine learning model with the received data as input to generate a predictive output associated with the industrial asset, determining that a performance of the machine learning model on the edge has degraded based on the generated predictive output of the machine learning model, and transmitting information about the degraded performance of the machine learning model to a central server within the IoT network.