Condition Monitoring is a process used to assess the health and performance of machinery and equipment. It involves regularly collecting data on various parameters, such as temperature, vibration, and pressure, to identify any signs of wear or potential failure. This proactive approach helps in scheduling maintenance before issues escalate, thereby reducing downtime and repair costs. By utilizing techniques like vibration analysis and thermography, companies can monitor the condition of their assets in real-time. This data-driven strategy not only enhances operational efficiency but also extends the lifespan of equipment, ensuring that businesses run smoothly and effectively.