Fuente: WIPO "circular economy" The present invention relates a method and system for managing performance of assets (110A-N) in computing environment (100). The method includes receiving a request for managing performance of assets (110A-N) from user devices (108AN). Further, the method includes determining target devices (106A-N) responsible for managing the performance of the assets (110A-N). Furthermore, the method includes determining a baseline Artificial Intelligence (AI) model based on model parameters, asset parameters, and a target device parameter. Further, the method includes classifying the baseline AI model into sub models. The method includes deploying the sub models at each of the target devices (106A-N). Also, the method includes obtaining a real-time data corresponding to the assets (110A-N) from the target devices (106A-N). Additionally, the method includes predicting performance parameters associated with the assets (110A-N) based on the real-time data. Further, the method includes determining actions to be performed on the assets (110A-N).