In healthcare the survival analysis to estimate life expectancy is used widely. This type of regression is perfectly suitable to estimate the remaining useful life (RUL) of machines in industry.
Especially when used with Proportional Hazards this algorithm can be used to predict the RUL of a machine depending on its rate of use and other external conditions.
Today I managed to get the algorithm going for centrifuges for DSM Food Specialties im Delft. Now let’s implement this piece of art!
Special thanks to DSM for giving the opportunity and freedom to develop these models and algorithms.