A system for data collection in an industrial environment comprising a multi-sensor acquisition component comprising a plurality of inputs and outputs; a plurality of sensors coupled to at least one of a plurality of components of an industrial process and one of the inputs; a sensor data storage profile circuit structured to determine a data storage profile, comprising a data storage plan for the plurality of sensor data values; wherein the multi-sensor acquisition component is responsive to the data storage profile to selectively couple inputs to outputs; a sensor communication circuit coupled to the outputs, and structured to interpret the plurality of sensor data values; a sensor data storage implementation circuit; a data analysis circuit structured to determine a data quality parameter in response to the plurality of sensor data values; and a data response circuit structured to adjust the data storage profile in response to the data quality parameter.