A system for data collection, processing, and utilization of signals from a first machine in an industrial environment, the system comprising: a platform including a computing environment and a local data collection system, wherein the computing environment is connected to the local data collection system, wherein the local data collection system comprises: a first sensor configured to be connected to the first machine; a second sensor; a crosspoint switch; wherein: the first and the second sensors are configured to form at least a first sensor signal and a second sensor signal obtained from at least the first machine in the industrial environment; the first sensor is a single-axis sensor and the second sensor is a three-axis sensor; the first sensor is mounted at an unchanging reference location and the second sensor mounted at changing locations; the crosspoint switch comprises multiple inputs and multiple outputs including a first input connected to the first sensor and a second input connected to the second sensor, the multiple outputs include a first output and a second output configured to be switchable between a condition in which the first output is configured to switch between delivery of the first sensor signal and the second sensor signal and a condition in which there is simultaneous delivery of the first sensor signal from the first output and the second sensor signal from the second output, each of the multiple inputs is configured to be individually assigned to any of the multiple outputs, each of the multiple outputs which are unassigned are configured to be switched off producing a high-impedance state, the system is configured to digitally collect waveform data from the first machine, wherein the waveform data is vibration data obtained simultaneously from the first sensor and the second sensor in a gap-free format for a duration of multiple minutes with maximum resolvable frequencies sufficiently large to capture periodic and transient impact events. a first sensor configured to be connected to the first machine; a second sensor; a crosspoint switch; wherein: the first and the second sensors are configured to form at least a first sensor signal and a second sensor signal obtained from at least the first machine in the industrial environment; the first sensor is a single-axis sensor and the second sensor is a three-axis sensor; the first sensor is mounted at an unchanging reference location and the second sensor mounted at changing locations; the crosspoint switch comprises multiple inputs and multiple outputs including a first input connected to the first sensor and a second input connected to the second sensor, the multiple outputs include a first output and a second output configured to be switchable between a condition in which the first output is configured to switch between delivery of the first sensor signal and the second sensor signal and a condition in which there is simultaneous delivery of the first sensor signal from the first output and the second sensor signal from the second output, each of the multiple inputs is configured to be individually assigned to any of the multiple outputs, each of the multiple outputs which are unassigned are configured to be switched off producing a high-impedance state, the system is configured to digitally collect waveform data from the first machine, wherein the waveform data is vibration data obtained simultaneously from the first sensor and the second sensor in a gap-free format for a duration of multiple minutes with maximum resolvable frequencies sufficiently large to capture periodic and transient impact events. multiple inputs and multiple outputs including a first input connected to the first sensor and a second input connected to the second sensor, the multiple outputs include a first output and a second output configured to be switchable between a condition in which the first output is configured to switch between delivery of the first sensor signal and the second sensor signal and a condition in which there is simultaneous delivery of the first sensor signal from the first output and the second sensor signal from the second output, each of the multiple inputs is configured to be individually assigned to any of the multiple outputs, each of the multiple outputs which are unassigned are configured to be switched off producing a high-impedance state, the system is configured to digitally collect waveform data from the first machine, wherein the waveform data is vibration data obtained simultaneously from the first sensor and the second sensor in a gap-free format for a duration of multiple minutes with maximum resolvable frequencies sufficiently large to capture periodic and transient impact events.