The example embodiments are directed to a system and method for cold start deployment of an ML model for an edge system associated with an industrial asset. In one example, the method may include one or more of storing an incremental ML model comprising a plurality increments which sequentially increase a complexity of a predictive function of the incremental ML model, receiving performance information from an edge system that processes incoming data of an industrial asset using a current increment of the incremental ML model, dynamically determining to modify the current increment of the incremental ML model used by the edge system with a next increment of the incremental ML model having increased complexity based on the received performance information, and transmitting the next increment of the incremental ML model to the edge system.