Patent Document ID: 9104998
Application ID: 13939994
Patent Flag: 1

Claim One:
1. A method comprising: collecting, from a plurality of sensors that are located at different components of a system, operational data, wherein the operational data includes first data collected from a first sensor located at a first component of the system and second data collected from a second sensor located at a second component of the system, the second component being different from the first component; receiving, by a computer system, maintenance data describing maintenance performed on the components of the system, including the first component and the second component, and a time or a date of the maintenance performed on the first component; selecting, by a computer system, at least a portion of the operational data and at least a portion of the maintenance data including utilizing a frequency threshold to exclude a portion of the operational data associated with an event that has a likelihood of occurring that is not above a predetermined frequency; applying, by a computer system, at least one statistical process to the selected operational data and the selected maintenance data to determine a correlation among the selected operational data and the selected maintenance data for the components of the system including the first component and the second component; and predicting, by a computer system, 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 correlation among the selected operational data and the selected maintenance data and operational data and maintenance data for the components of the system including the first component and the second component.