This document discusses predicting failures through analyzing past data and monitoring key indicators. It provides examples of predicting failures in pumps and compressors through vibration analysis. Countermeasures like condition monitoring programs and engaging consultants are suggested to detect issues early and prevent failures. Hearing loss in plants is also addressed, with examples of noise studies and the importance of safety compliance and protection. Overall the document outlines approaches for learning from history to foresee and avoid future problems.