The main objective of the paper is to highlight the important aspects of the data management in condition monitoring and maintenance, especially when the emergent technologies, such as the cloud computing and big data, are to be considered in the maintenance department. In addition, one of the main data management elements highlighted in the current work are the cybersecurity issues which might be one of the biggest obstacles hindering the development of cloud based big data for condition-based maintenance (CBM) purposes. Further, the benefits and current risks of storing a company's data in the cloud are highlighted. The authors discuss as well different data needs in various processes in the area of asset management. In addition, the challenges and issues to be addressed for the optimal use of the company data at the cloud together with the big data approach are addressed. This is seen as an important part in an effort to achieve sustainable information and communication technologies for the industry.