Computer software delivered on-premise or computer software as a service (SAAS) using artificial intelligence for use in predictive analytics, machine learning and automated model building, in combination with electric or electronic sensors, accelerometers, gyro sensors, angular velocity sensors, temperature sensors, pressure sensors, microphones, humidity sensors, for the predictive maintenance, preventative maintenance, failure and misuse maintenance, process condition and energy consumption and reports related thereto, servicing of equipment and machinery, and monitoring and inspecting of equipment and machinery to identify impending failures and suboptimal performance conditions