Asset condition management (ACM) teaches on-condition monitoring for any business with high-capital assets looking to harness machine learning to avoid unexpected failures and control rising equipment maintenance costs. Many businesses are already using continuous condition monitoring technologies like IoT-connected devices. However, beyond simple threshold alerts from condition sensors, extracting real value from the data generated by these sensors for true predictive monitoring requires expert analysis and interpretation. To generate actionable results from condition sensor data, these experts also apply knowledge about the asset’s operation. This limits the value that IoT-enabled ACM can provide to the business. By taking the next step and using advanced algorithms and machine learning to automatically extract real-time insights that drive action, we can now achieve the full potential of ACM. Modern, cognitive online ACM takes data from multiple and varied sources, combines it, and uses AI and machine learning techniques to anticipate equipment failure before it happens. Many reliability professionals recognize the potential of IoT, machine learning, and AI, and are trying to learn these technologies. However, the available training is complex and assumes learners have a background in data science and computer programming. This workshop will provide a beginners’ level understanding of terminology, basic concepts, and techniques to determine how and where you can apply AI in your facilities for meaningful ACM.