This book offers an overview of current methods for the intelligent monitoring of rotating machines. It describes the foundations of smart monitoring, guiding readers to develop appropriate machine learning and statistical models for answering important challenges, such as the management and analysis of a large volume of data. It also discusses real-world case studies, highlighting some practical issues and proposing solutions to them. The book offers extensive information on research trends, and innovative strategies to solve emerging, practical issues. It addresses both academics and professionals dealing with condition monitoring, and mechanical and production engineering issues, in the era of industry 4.0.