How could a Conscious Smart Sensor Monitor our Building Infrastructure?

For example, a Conscious Smart Sensor could be mounted on an electric motor in your HVAC system monitoring temperature, vibration, bearing condition, along with natural gas and carbon monoxide detection.  At the same time an on-board sensor, included in the standard unit, could monitor building sway in taller buildings.  A custom dashboard addition could show this graphically if desired.  Other types of sensors could be added as well.