I. Introduction
Electric motors are the workhorses of the industries. Electric motors have been the prime drivers in industry for decades and shall probably remain so for several years in future. Today, almost 45%of global electricity generated and 70% of total industrial electricity consumed is by Electric motors. The breakdown of Electric Motors leads to large amount of financial, production and reputational losses to the industry. Also, electric motors being prime movers of almost all dynamic machinery in industry, a large amount of productivity and efficiency data can be generated from them, which is currently untapped.