Computer System And Method For Building And Deploying Models Predicting Plant Asset Failure

A system that provides an improved approach for detecting and predicting failures in a plant or equipment process. The approach may facilitate failure-model building and deployment from historical plant data of a formidable number of measurements. The system implements methods that generate a dataset containing recorded measurements for variables of the process. The methods reduce the dataset by cleansing bad quality data segments and measurements for uninformative process variables from the dataset. The methods then enrich the dataset by applying nonlinear transforms, engineering calculations and statistical measurements. The methods identify highly correlated input by performing a cross-correlation analysis on the cleansed and enriched dataset, and reduce the dataset by removing less-contributing input using a two-step feature selection procedure. The methods use the reduced dataset to build and train a failure model, which is deployed online to detect and predict failures in real-time plant operations.