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UPTIME will provide a unified predictive maintenance management framework and a smart predictive maintenance information system covering the whole prognostic lifecycle. The UPTIME solution will be applicable to any production system incorporating sensors and will be based on real-time reliability-related (prognostic) information in order to reduce the equipment downtime and malfunctions with the aim to produce high-quality products with optimized losses. It will utilize sensors for measuring various parameters of the production process, provide diagnostic outcomes, i.e. the current equipment health state, generate predictions about future equipment behaviour, and recommend optimal actions at optimal times. It will also incorporate a continuous improvement mechanism for continuous learning of Diagnosis, Prognosis and Maintenance Decision Making phases triggered by sensor data during maintenance and other operational actions implementation. The elimination of unexpected failures will lead to an increased level of safety in the workplace and to improved overall operations efficiency.