This document discusses using principal component analysis (PCA) to analyze electrical submersible pump (ESP) sensor data to predict failures and improve production performance. It summarizes that PCA was used to analyze dynamic ESP data, like discharge pressure and motor temperature, from multiple installations. For the first installation, PCA identified that a failure of a downhole sensor had a major impact and allowed detection of anomalies like motor temperature variations and high current readings. For the fifth installation, PCA identified distinctive clusters and a cluster shift two months prior to failure. A generalized PCA model was also constructed to make uniform conclusions about failure modes applicable across all installations.