Data recorded from monitoring the health condition of industrial equipment are often high-dimensional, nonlinear, nonstationary and characterised by high levels of uncertainty. These factors limit the efficiency of machine learning techniques to produce desirable results when developing effective fault classification frameworks. This paper sought to propose a hybrid artificial intelligent predictive maintenance model based on Improved Complete Ensemble Empirical Mode Decomposition with Adaptive Noise (ICEEMDAN), Principal Component Analysis (PCA) and Least Squares Support Vector Machine (LSSVM) optimised by the combination of Coupled Simulated Annealing and Nelder-Mead Simplex optimisation algorithms (ICEEMDAN-PCA-LSSVM). Here, ICEEMDAN was first employed as a denoising technique to decompose signals into series of Intrinsic Mode Functions (IMFs) of which only relevant IMFs containing the relevant fault features were retained for signal reconstruction. PCA was then employed as a dimension reduction technique through which the resulting set of uncorrelated features extracted served as input for LSSVM for classifying various fault types. The proposed technique is compared with three established methods (Linear Discriminant Analysis (LDA), Support Vector Machine (SVM) and Artificial Neural Network (ANN)) with multiclass classification capabilities. The various techniques were tested on an experimental UCI machine learning benchmark data obtained from multi-sensors of a hydraulic test rig. The results from the analysis revealed that the proposed ICEEMDAN-PCA-LSSVM technique is versatile and outperformed all the compared classifiers in terms of accuracy, error rate and other evaluation metrics considered. The proposed hybrid technique drastically reduced the redundancies and the dimension of features, allowing for the efficient consideration of relevant features for the enhancement of classification accuracy and convergence speed.