In today’s technological era, data science is playing a critical role for making decisions and supporting management and engineers to achieve the optimal solutions based on technical and financial analysis. The data can be defined as facts or numbers that is usually collected, analyzed and utilized to make useful decisions. On the other hand, information is knowledge that is obtained from data through analysis and studies. With newly developed high tech and IT solutions such as IR4.0, IoT and other applications, data is coming more important and useful in reliability engineering applications and science.