Advances in the manufacturing industry have led to modern approaches such as Industry 4.0, Cyber-Physical Systems, Smart Manufacturing (SM) and Digital Twins. The traditional manufacturing architecture that consisted of hierarchical layers has evolved into a hierarchy-free network in which all the areas of a manufacturing enterprise are interconnected. The field devices on the shop floor generate large amounts of data that can be useful for maintenance planning. Prognostics and Health Management (PHM) approaches use this data and help us in fault detection and Remaining Useful Life (RUL) estimation. Although there is a significant amount of research primarily focused on tool wear prediction and Condition-Based Monitoring (CBM), there is not much importance given to the multiple facets of PHM. This paper conducts a review of PHM approaches, the current research trends and proposes a three-phased interoperable framework to implement Smart Prognostics and Health Management (SPHM). The uniqueness of SPHM lies in its framework, which makes it applicable to any manufacturing operation across the industry. The framework consists of three phases: Phase 1 consists of the shopfloor setup and data acquisition steps, Phase 2 describes steps to prepare and analyze the data and Phase 3 consists of modeling, predictions and deployment. The first two phases of SPHM are addressed in detail and an overview is provided for the third phase, which is a part of ongoing research. As a use-case, the first two phases of the SPHM framework are applied to data from a milling machine operation.
Keywords: Data Mining; Deep Learning; Machine Learning; Smart Manufacturing; Smart Prognostics and Health Management; data preparation; interoperability.