In a recent plant reliability survey, between 60 to 70% of industrial facilities consider oil analysis an important part of their reliability programs[1]. Oil analysis gives a snapshot of machinery health, preventing unnecessary oil changes and assisting in predicting equipment failures. This paper will take a detailed look into using data to decrease maintenance costs and increase the bottom line. Being able to extend oil drains or even shorten them to eliminate failures, can be an easy way to reduce maintenance costs, but data must be available that allows for making those decisions. This paper will address the role of key performance indicators (KPI’s) in predictive maintenance, how to gather useful data that aligns with KPI’s and review a few case studies where on-site labs were able to use data to take advantage of warranty periods, justify keeping assets after warranty and extend oil drains to reduce oil consumption.