Amazon Forecast vs. Amazon SageMaker

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

Amazon SageMaker is a great tool for developing machine learning models that take more effort than just point-and-click type of analyses. The software works well with the other tools in the Amazon ecosystem, so if you use Amazon Web Services or are thinking about it, SageMaker would be a great addition. SageMaker is great for consumer insights, predictive analytics, and looking for gems of insight in the massive amounts of data we create. SageMaker is less suitable for analysts who do generally "small" data analyses, and "small" data analyses in today's world can be billions of records.

Incentivized

• Built-in datasets
• Accuracy
• Machine learning

Incentivized

• Provides enough freedom for experienced data scientists and also for those who just need things done without going much deeper into building models.
• Customization and easy to alter and change.
• If you already are an Amazon user, you do not need to transition over to another software.

Incentivized

• Not easy for beginners as it requires insights to set the forecast
• Much more expensive if considered for small businesses

Incentivized

• The UI can be eased up a bit for use by business analysts and non technical users
• For huge amount of data pull from legacy solutions, the platform lags a bit
• Considering ML is an emerging topic and would be used by most of the organizations in future, the pipeline integrations can be optimized

Incentivized

Cost-effective and user-friendly.

Incentivized

Amazon SageMaker comes with other supportive services like S3, SQS, and a vast variety of servers on EC2. It's very comfortable to manage the process and also support the end application by one click hosting option. Also, it charges on the base of what you use and how long you use it, so it becomes less costly compared to others.

Incentivized

• 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

• We have been able to deliver data products more rapidly because we spend less time building data pipelines and model servers.
• We can prototype more rapidly because it is easy to configure notebooks to access AWS resources.
• For our use-cases, serving models is less expensive with SageMaker than bespoke servers.

Incentivized