In the broad framework of degradation assessment of bearing, the final objectives of bearing condition monitoring is to evaluate different degradation states and to estimate the quantitative analysis of degree of performance degradation. Machine learning classification matrices have been used to train models based on health data and real time feedback. Diagnostic and prognostic models based on data driven perspective have been used in the prior research work to improve the bearing degradation assessment. Industry 4.0 has required the research in advanced diagnostic and prognostic algorithm to enhance the accuracy of models. A classification model which is based on machine learning classification matrix to assess the degradation of bearing is proposed to improve the accuracy of classification model. Review work demonstrates the comparisons among the available state-of-the-art methods. In the end, unexplored research technical challenges and niches of opportunity for future researchers are discussed.
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