Amazon Forecast

Amazon Forecast

Amazon Forecast

8 Reviews and Ratings

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
Amazon Forecast	Score 8.7 out of 10	N/A	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.	N/A

Pricing

Amazon Forecast

Editions & Modules

No answers on this topic

Offerings

Pricing Offerings
Amazon Forecast
Free Trial
No
Free/Freemium Version
No
Premium Consulting/Integration Services
No

Entry-level Setup Fee

No setup fee

Additional Details

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More Pricing Information

Community Pulse
	Amazon Forecast
Considered Both Products	Amazon Forecast Verified User Engineer Chose Amazon Forecast Cost-effective and user-friendly. Incentivized Helpful? Srinivasan V Iyer Senior Security Analyst Chose Amazon Forecast There was no other product or service that was considered before making the choice to go with Amazon Forecast as the forecasting that the company was looking for had everything running in the AWS environment, the choice had to be obvious. Integrating with Amazon Forecast also … Incentivized Helpful? Verified User Manager Chose Amazon Forecast Amazon Forecast immediately stood out for us during product evaluation due to our tech ops team having significant AWS experience. Having a relatively good understanding of the pricing tiers, environment setup, and an active tech ops team within AWS meant that there was a basic … Incentivized Helpful?
Top Pros	Pro Machine learning Pro Aws services Pro Real time
Top Cons	Minus Nothing else Minus Much more expensive Minus Learning models

Best Alternatives
	Amazon Forecast
Small Businesses	IBM SPSS Modeler Score 7.8 out of 10
Medium-sized Companies	Posit Score 9.1 out of 10
Enterprises	IBM SPSS Modeler Score 7.8 out of 10
All Alternatives	View all alternatives

User Ratings
	Amazon Forecast
Likelihood to Recommend	8.7 (5 ratings)

User Testimonials
	Amazon Forecast
Likelihood to Recommend	Amazon AWS Amazon Forecast is well suited when you are a company that's looking for a simple and effective solution in terms of understanding and predicting your resources planning in the AWS. However, it's also good to know that the cost that is incurred is higher and not suited for anything other than the AWS solutions integrations. Incentivized Srinivasan V Iyer Senior Security Analyst Read full review
Pros	Amazon AWS Built-in datasets Accuracy Machine learning Incentivized Verified User Anonymous Read full review
Cons	Amazon AWS Not easy for beginners as it requires insights to set the forecast Much more expensive if considered for small businesses Incentivized VD Varun Dhingra Team Lead Read full review
Alternatives Considered	Amazon AWS Cost-effective and user-friendly. Incentivized Verified User Anonymous Read full review
Return on Investment	Amazon AWS Helped in planning the resources required. ML and AI delivered near perfect forecasts. Features and the details available for the cost is not enough. Incentivized Srinivasan V Iyer Senior Security Analyst Read full review
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