A method of alarm notification includes providing data for an industrial process including stored alarm event data and stored Key Performance Indicator (KPI) data, and an alarm event-KPI correlation and operator notification system. Patterns of relationships are discovered between the stored alarm event and KPI data to provide a reference pattern database that identifies KPI violation events in the KPI data as a function of the alarm event data or alarm events in the alarm event data as a function of the KPI data. Pattern matching uses a real-time alarm event and real-time KPI data to determine a pattern similarity by comparing a current sequence spanning a predetermined time of the real-time alarm event and KPI data to the patterns. When the pattern matching identifies a current alarm event or KPI violation event, an operator is notified and a predicted KPI value or feature or a predicted alarm event.