Tool condition monitoring system

A method of monitoring a health condition of a tool, comprising:

• collecting first operational data from a machine while the machine is operating in a predetermined manner with the tool in a first known health condition;
• collecting second operational data from the machine while the machine is operating in the predetermined manner with the tool in a second known health condition;
• extracting a first plurality of features from the first operational data;
• extracting a second plurality of features from the second operational data;
• generating a training dataset from the first plurality of features and the second plurality of features;
• and
• training an analytic model to determine the health condition of the tool using the training dataset.

A computer program product for monitoring a health condition of a tool, comprising:

• a non-transitory computer-readable storage medium;
• and
• program code stored on the non-transitory computer-readable storage medium that, when executed by one or more processors, causes the one or more processors to:
• collect first operational data from a machine while the machine is operating in a predetermined manner with the tool in a first known health condition;
• collect second operational data from the machine while the machine is operating in the predetermined manner with the tool in a second known health condition;
• extract a first plurality of features from the first operational data;
• extract a second plurality of features from the second operational data;
• generate a training dataset from the first plurality of features and the second plurality of features;
• and
• train an analytic model to determine the health condition of the tool using the training dataset.