A large part of the costs of an industrial plant is due to the maintenance of indus-trial assets. To reduce them, low-cost sensors were developed for online assets monitoring. Most of these sensors use vibration measurements as a method for detecting, monitoring, and diagnosing faults or behavior deviations. This paper shows a method for Operating Deflection Shape (ODS) vibration signal analysis technique with low-cost wireless condition monitoring IoT sensors. The devel-oped method was confronted with commercial devices that perform traditional ODS. Additionally, laboratory and field validations are presented.