Method and system for identification and analysis of regime shift

Abstract

This disclosure relates generally to identification and analysis of regime shift. The identification and analysis of the regime shift includes regime shift identification (RSI), root cause analysis of the identified regime shift and a recommendation unit to rectify the identified regime shift. The disclosure proposes to monitor a system continuously to identify a regime shift at real-time as presence of regime shifts in any system decreases quality of process and products and makes the system less efficient. The regime shift is identified at real-time based on key performance indicators (KPIs), a set of relevant features and real time input data using machine learning techniques. Further the disclosure also proposes techniques for detecting at least one root cause for the identified regime shift and also recommends a rectification action to rectify the identified regime shift based on optimization techniques.