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Self learning software for automatic performance optimization and diagnostics in response to system and equipment degradation, achieved via localized and cloud based learning from operational data from individual and large populations of operating equipment in the field of energy efficiency, water conservation, building operation, predictive maintenance, condition based service, and operating cost management; Self learning software for automatic performance optimization and diagnostics in response to dynamic changes in variables external to component or system, such as weather, temperature, environment, other independent variables, achieved via localized and cloud based learning from operational data from individual and large populations of operating equipment in the field of energy efficiency, water conservation, building operation, predictive maintenance, condition based service, and operating cost management