Motors make the world work. By converting electrical energy into mechanical energy, motors can literally move mountains. In fact, motors are everywhere, with manufacturers making more than 10 billion of them every year, generating about $100 billion dollars in global revenue, according to the Gibbons Engineering Group. In fact, in its 2016 World Energy Outlook, the International Energy Agency estimates that electric motors consume more than 40% of all electricity globally and industrial motor systems use about 70% of all electricity consumed in Industry. When motors stop working, work stops happening. So predicting when that could happen would be exceptionally valuable.
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