The fourth industrial revolution is derived from advances in digitization and prognostic and
health management (PHM) disciplines to make plants smarter and more efficient. However,
an adapted approach for data-driven PHM process implementation in small and medium-
sized enterprises (SMEs) has not been yet discussed. This research gap is due to the
specificities of SMEs and the lack of documentation. In this paper, we examine existing
standards for implementing PHM in the industrial field and discuss the limitations within …