With the continuous development of the national economy and scientific productivity, urban construction and people’s living standards are also getting higher and higher. Although people enjoy increasingly convenient life, the demand for intelligence is getting higher and higher. Digital intelligent equipment has the functions of data collection, calculation and analysis, diagnostic and early warning, and communication functions. Analyze the status quo and existing problems of the development of intelligent equipment, as well as analyze and research key monitoring technologies in the use and development of digital intelligent equipment and provide optimal solutions for intelligent equipment hardware development requirements, software development, and model algorithms. Intelligent equipment monitoring is related to all aspects of people’s livelihood, and its intelligent development is related to the public role in this field in the future. Accurate results of monitoring can provide data support for schools, research institutions, the public, and the government. At the same time, it is also an important basis for formulating social policies. At present, the commonly used monitoring method usually adopts time series algorithm. Through literature review, it is found that the algorithm has the problem of distortion of correct data, which affects the accuracy of monitoring results. Based on the above reasons, this article combines the wavelet function with the planning algorithm and proposes a dynamic programming algorithm, which removes the redundant monitoring data in turn and clusters the distortion monitoring data with the wavelet function, which improves the accuracy and computational efficiency of the algorithm and gives full play to the monitoring of intelligence. The simulation results using MATLAB show that the planning algorithm can eliminate 90% of redundant monitoring data and improve the extraction rate of characteristic monitoring data. At the same time, the accuracy of the planning algorithm reaches 95%, and the calculation time is less than 25 s, which is better than the static planning algorithm. Therefore, the dynamic programming algorithm can better utilize the intelligence, convenience, and efficiency of the equipment to optimize the monitoring model.