1. A machine diagnostic system, including: a host computer for determining a health state of a machine, the host computer being operatively coupled to a network backbone; a machine diagnostic module adapted to be integrally mounted to a machine, the machine diagnostic module being operatively coupled to the network backbone, the machine diagnostic module collecting data relating to operation of the machine; a system architecture including a software based analysis layer, the analysis layer providing for preprocessing of the machine data, the analysis layer being operative to facilitate determining positive sequence and negative sequence relating to the machine; wherein the host computer analyzes the preprocessed data in making a determination as to the health state of the machine.