Monitoring State of Health Information for Components

In one advantageous embodiment, a method is provided for managing data. Information about the plurality of components is identified using data to form a plurality of instances for a plurality of nodes in response to receiving data for a plurality of components. Each node in the plurality of nodes corresponds to a component in the plurality of components. A number of variables having a range of values are formed to form a data structure. Each value in the range of values indicates a point in time at which a change to the information for a node occurs between a first instance and a second instance in the plurality of instances. More than one change between two consecutive instances is absent. The data structure is used to identify probability information about the plurality of components associated with the plurality of nodes.