INFORMATION MANAGEMENT AND MONITORING SYSTEM AND METHOD

Information management and monitoring system and method for monitoring components on a vehicle during its operation includes a monitoring system including sensors for monitoring the components operation thereof, and a processing module arranged on the vehicle and to receive and process data about the monitored components from the sensors. The module derives information from the data about the monitored components to determine whether any component is operating in a non-optimal manner and/or to forecast failure of any component. A wireless communication system is arranged on the vehicle and coupled to the module for enabling wireless communications of derived information from the module to a remote entity interested in the operation or failure of any component during operation of the vehicle. The communication includes information about the presence and identity of any non-optimally operating component or component forecast to fail.