Aiming at the prediction of rolling element bearing fault in the strong noise environment, a novel method of prediction for rolling element bearing is proposed to improve the bearing fault prediction accuracy. This paper presents a kind of new rolling bearing prediction technology, using grey model combined with the extreme learning machine (ELM). The sample is first grey processed to solve the randomness and volatility, and then introduced into the extremely fast learning speed and high generalization accuracy of ELM neural network training. Based on the trained model, the bearing operation state of future time points is analyzed, and the result is compared with the theoretical diagnosis standard of the bearing equipment to realize the fault prediction.