cmaeventd is reporting disk errors and read I/O performance is slow

Issue

• system is getting disk errors and disk read performance is slow

Jun 23 12:00:15 hostname cmaeventd[13283]: Physical Drive Predictive Failure: Port 1I Box 1 Bay 1 of Embedded Array Controller.
Jun 23 12:00:18 hostname cmaidad[13424]: Physical Drive Status Change: Slot 0 Port 1I Box 1 Bay 1.Status is now Predictive Failure.
Jun 23 12:02:00 hostname cmaeventd[13283]: Logical drive 1 of Embedded Array Controller: -
                             surface analysis encountered uncorrectable read error somewhere between logical block address 0x9dde00 and 0x9ddfff.
Jun 23 12:30:01 hostname cmaeventd[13283]: Logical drive 1 of Embedded Array Controller: -
                             surface analysis encountered uncorrectable read error somewhere between logical block address 0x9eb000 and 0x9eb1ff.

• Also, sometimes below error is logged for disks connected to HP Smart Array controller.

Jun 23 12:30:01 hostname cmaeventd[13283]: Logical drive 1 of Embedded Array Controller: -
                             surface analysis uncorrected read error condition has ended.  Media defects have been overwritten by the host.