Overview
What is Amazon Forecast?
Amazon Forecast is a fully managed service that uses machine learning to deliver accurate forecasts. Amazon Forecast can use historical time series data (e.g., price, promotions, economic performance metrics) to create accurate forecasts for businesses.
For Accurate forecasts of your business
Amazon Forecast review.
Amazon Forecast might be a good solution but comes with a hefty price tag
A great all rounder if you can keep costs undercontrol
Pricing
What is Amazon Forecast?
Amazon Forecast is a fully managed service that uses machine learning to deliver accurate forecasts. Amazon Forecast can use historical time series data (e.g., price, promotions, economic performance metrics) to create accurate forecasts for businesses.
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Demos
Amazon Forecast demo by Team Neoterics
Amazon Forecast – Forecasting - From Months to Days (Hebrew)
Product Details
- About
- Tech Details
What is Amazon Forecast?
Amazon Forecast Technical Details
Operating Systems | Unspecified |
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Mobile Application | No |
Comparisons
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Reviews and Ratings
(8)Reviews
(1-5 of 5)Amazon Forecast Works For Us!
- Identifies key trends
- Keeps track of historical data like sales, cashflow, inventory, etc.
- Personalized forecasting model
- Sometimes the program is glitchy and we'll need to log out and log in again
- Reliable
- Easy to use interface which is helpful for all departments to use
- Forecasts can be turned into custom applications
- This has increased our ROI by giving us accurate data to improve our business model with
For Accurate forecasts of your business
- Predictive Analysis of data for future use.
- Single place to save and access a whole lot of data
- Very fast and surprisingly accurate
- Not easy for beginners as it requires insights to set the forecast
- Much more expensive if considered for small businesses
- Easy to access tons of data at one place
- Future estimation is surprisingly accurate.
- Insights have been available much more quickly and well designed manner
- Integration with other tools has been flawless
Amazon Forecast review.
- Develop benchmarks for use in future forecast.
- Performs contingency planning during challenging financial times.
- Anticipate the impact of new expanse.
- It doesn't give 100% accurate result always.
- It provides amazing prediction based on user provided parameters and variables.
- Data is important for business, the tool helps to forecast the future of the business based on previous data.
- Ease of use
- Integration with AWS Services
- ML and AI for better prediction
- High on Cost
- Lack in customization
- Limited availability of integration
- Integration with AWS
- Forecasting the upcoming usages
- ML and AI
- Helped in planning the resources required.
- ML and AI delivered near perfect forecasts.
- Features and the details available for the cost is not enough.
A great all rounder if you can keep costs undercontrol
- Built-in datasets
- Accuracy
- Machine learning
- Potential very high costs
- Predicting ongoing running costs
- Very product focused
- Dataset importing
- Generating/predicting spike forecasts
- Training predictors
- It can definitely spike in costs if not heavily controlled internally via processes
- Has proven useful around digital resource forecasting, proving more accurate than traditional methods
- Had an unforeseen cost increase in terms of training internal users