Does this mean it is time to replace the drive?

Log Name: System
Source: Disk
Date: 19/02/2021 18:52:08
Event ID: 154
Task Category: None
Level: Error
Keywords: Classic
User: N/A
Computer: VM.domain.local
Description:
The IO operation at logical block address 0xb3368528 for Disk 2 (PDO name: \Device\00000057) failed due to a hardware error.
Event Xml:



154
2
0
0x80000000000000

1590296
System
VM.domain.local



\Device\Harddisk2\DR2
0xb3368528
2
\Device\00000057
0F01180004004000000000009A0004C000000000000000000000000000000000000000000000000000020488700004000000000A000000004400000000002D2D