Amazon Forecast vs. Amazon Tensor Flow

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Amazon Forecast
Score 8.6 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
Amazon Tensor Flow
Score 8.0 out of 10
N/A
Amazon TensorFlow enables developers to quickly and easily get started with deep learning in the cloud.N/A
Pricing
Amazon ForecastAmazon Tensor Flow
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Amazon ForecastAmazon Tensor Flow
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Best Alternatives
Amazon ForecastAmazon Tensor Flow
Small Businesses
IBM SPSS Modeler
IBM SPSS Modeler
Score 7.8 out of 10
IBM SPSS Modeler
IBM SPSS Modeler
Score 7.8 out of 10
Medium-sized Companies
Posit
Posit
Score 9.1 out of 10
Posit
Posit
Score 9.1 out of 10
Enterprises
IBM SPSS Modeler
IBM SPSS Modeler
Score 7.8 out of 10
IBM SPSS Modeler
IBM SPSS Modeler
Score 7.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Amazon ForecastAmazon Tensor Flow
Likelihood to Recommend
8.6
(5 ratings)
9.0
(1 ratings)
User Testimonials
Amazon ForecastAmazon Tensor Flow
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.
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Amazon AWS
A well-suited scenario for using AWS Tensor Flow is when having a project with a geographically dispersed team, a client overseas and large data to use for training. AWS Tensor Flow is less appropriate when working for clients in regions where it hasn't been allowed yet for use. Since smaller clients are in regions where AWS Tensor Flow hasn't been allowed for use, and those clients traditionally don't have enough hardware, this situation deters a wider use of the tool.
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Pros
Amazon AWS
  • Built-in datasets
  • Accuracy
  • Machine learning
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Amazon AWS
  • Amazon Elastic Compute Cloud (EC2) allows resizable compute capacity in the cloud, providing the necessary elasticity to provide services for both, small and medium-sized businesses.
  • Tensor Flow allows us to train our models much faster than in our on-premise equipment.
  • Most of the pre-trained models are easy to adapt to our clients' needs.
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Cons
Amazon AWS
  • Not easy for beginners as it requires insights to set the forecast
  • Much more expensive if considered for small businesses
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Amazon AWS
  • SageMaker isn't available in all regions. This is complicated for some clients overseas.
  • For larger instances, when using a GPU, it takes a while to talk to a customer service representative to ask for a limit increase. Given this, it's recommendable to ask in advance for a limit increase in more expensive and larger cases; otherwise, SageMaker will set the limit to zero by default.
  • Since the data has to be stored in S3 and copied to training, it doesn't allow to test and debug locally. Therefore, we have to wait a lot to check everything after every trail.
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Alternatives Considered
Amazon AWS
Cost-effective and user-friendly.
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Amazon AWS
Microsoft Azure is better than Amazon Tensor Flow because it provides easier and pre-built capabilities such as Anomaly Detection, Recommendation, and Ranking. AWS is better than IBM Watson ML Studio because it has direct and prebuilt clustering capabilities AWS, like IBM Watson ML Studio, has powerful built-in algorithms, providing a stronger platform when comparing it with MS Azure ML Services and Google ML Engine.
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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.
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Amazon AWS
  • Positive: It has allowed us to work with our overseas teams without any large hardware investing.
  • Positive: Pre-trained models significantly reduce the time to develop solutions for our clients.
  • Negative: Since it's a relatively new tool, you have to be careful about not paying for large errors while learning to use the tool.
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