Abstract: A system for monitoring health of a tire of a machine is provided. The system includes a plurality of sensors associated with the tire and provided on-board the machine. Each of the sensors is configured to generate a signal indicative of an operational parameter of the tire. A health module is communicably coupled to the sensors and is configured to receive the signal indicative of the operational parameter of the tire. The health module is configured to correlate the operational parameter with machine data associated with the machine and computes an expected time of removal of the tire based on the correlation. The health module is configured to determine a corrective action associated with operating the machine for extending a life of the tire beyond the computed expected time of removal. The health module is configured to notify an operator of the determined corrective action.