Data processing for component failure determination

A method, comprising:

• communicating, by a first device, with a second device to obtain prediction data relating to a type of component;
• generating, by the first device, a model for failure of an instance of the component based on:
• a set of predictors relating to failure of the instance of the component, and
• the prediction data relating to the type of the component;
• monitoring, by the first device, the instance of the component to obtain component data relating to the instance of the component;
• determining, by the first device and using the model, a predicted failure for the instance of the component based on the component data relating to the instance of the component;
• and
• communicating, by the first device, with a third device to transmit an alert relating to the predicted failure.

A non-transitory computer-readable medium storing instructions, the instructions comprising:

• one or more instructions that, when executed by one or more processors, cause the one or more processors to:
• communicate with one or more devices to obtain prediction data relating to a type of component;
• process the prediction data to determine a set of predictors for failure of an instance of the component;
• generate a model for failure of the instance of the component based on the set of predictors;
• monitor the instance of the component to obtain component data relating to the instance of the component;
• determine, using the model and based on the component data relating to the instance of the component, a predicted threshold ticket inflow based on monitoring the instance of the component;
• and
• perform a response action to accommodate the predicted threshold ticket inflow.