Patent ID: 8510151

Claim:
A method comprising: receiving, for a system that includes multiple subsystems, system-wide information comprising operational data from a plurality of sensors, wherein a first sensor measures a parameter related to operation of a first subsystem of the system and a second sensor measures a parameter related to operation of a second subsystem of the system, the first subsystem being distinct from the second subsystem; receiving transactional data; selecting at least a portion of the operational data included in the received system-wide information; applying, by a computer system, at least one statistical model to the selected operational data, and the transactional data to determine a best-fit model in regards to correlation among the operational data and the transactional data for the first subsystem with respect to the operational data and the transactional data for the second subsystem; and predicting, by a computer system and for the first subsystem, at least one of a loss event and impact of a loss event in terms of at least one of economic impact, environmental impact, and health and safety impact based on the best-fit model and operational data and transactional data received for the second subsystem that is distinct from the first subsystem, wherein receiving transactional data comprises receiving maintenance data describing maintenance performed on the first subsystem and the second subsystem; and wherein applying at least one statistical model to the selected operational data, and the transactional data comprises applying at least one statistical model to the selected operational data and the maintenance data describing maintenance performed on the first subsystem and the second subsystem.