Scalability, Explainability and Performance of Data Driven Algorithms in Predicting the Remaining Us

Early detection of faulty patterns and timely scheduling of maintenance events can minimize risk to the underlying processes and increase a system’s lifespan, reliability, and availability. Two main data-driven approaches are used in the literature to determine the Remaining Useful Life (RUL): direct calculation from raw data and indirect analysis by revealing the transitions from one latent state to another and highlighting degradation in a system’s Health Indices. The present study discusses the state-of-the-art data-driven methods introduced for RUL prediction in predictive maintenance, by looking at their capabilities, scalability, performance, and weaknesses. We will also discuss the challenges faced with the current approaches and the future directions to tackle the current limitations.