jats:titleAbstract</jats:title> jats:pAnomaly detection in asset condition data is critical for reliable industrial asset operations. But statistical anomaly classifiers require certain amount of normal operations training data before acceptable accuracy can be achieved. The necessary training data are often not available in the early periods of assets operations. This problem is addressed in this paper using a hierarchical model for the asset fleet that systematically identifies similar assets, and enables collaborative learning within the clusters of similar assets. The general behavior of the similar assets are represented using higher level models, from which the parameters are sampled describing the individual asset operations. Hierarchical models enable the individuals from a population, comprising of statistically coherent subpopulations, to collaboratively learn from one another. Results obtained with the hierarchical model show a marked improvement in anomaly detection for assets having low amount of data, compared to independent modeling or having a model common to the entire fleet.</jats:p>