The document proposes a Prognostics Asset Health Solution (PAHS) to address common problems faced by industries like decreasing asset availability and increasing maintenance costs. PAHS uses data-driven approaches like data acquisition, pre-processing, diagnosis and prognostics methods to detect, diagnose and predict failures. This allows advance maintenance planning to avoid downtime and optimize asset reliability. The solution provides a customizable platform that can integrate with existing ERP systems and deliver insights for predictive maintenance and inventory management. PAHS aims to improve asset performance through real-time monitoring and analysis.