Systems and methods are provided for validating a tensioning and locking procedure for a band using a banding tool and for determining at least one characteristic of the banding tool for determining whether a component needs repair or replacement. The systems and methods include receiving data from one or more sensors disposed on a banding tool, validating and releasing one or more components of the tool based on the data meeting one or more thresholds, and/or determining that the one or more components of the tool requires repair or replacement. The systems and methods also provide for predictive maintenance based on the received data.