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.
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Azure Machine Learning
Score 8.2 out of 10
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Microsoft's Azure Machine Learning is and end-to-end data science and analytics solution that helps professional data scientists to prepare data, develop experiments, and deploy models in the cloud. It replaces the Azure Machine Learning Workbench.
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per month
SAP Predictive Analytics
Score 7.0 out of 10
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SAP Predictive Analytics is, as the name would suggest, a statistical analysis and data mining platform that can be deployed with SAP HANA.
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.
It's a great tool to merge actual data analysis (which Lumira doesn't do that well) with visualization (which Lumira does well) - so it can be seen as Lumira for data analysts. However, a lot of the 'predictive' side is hidden/black box which can be frustrating for those analysts, so you could argue it is too complex for casual users, but too 'black box' for analysts.
User friendliness: This is by far the most user friendly tool I've seen in analytics. You don't need to know how to code at all! Just create a few blocks, connect a few lines and you are capable of running a boosted decision tree with a very high R squared!
Speed: Azure ML is a cloud based tool, so processing is not made with your computer, making the reliability and speed top notch!
Cost: If you don't know how to code, this is by far the cheapest machine learning tool out there. I believe it costs less than $15/month. If you know how to code, then R is free.
Connectivity: It is super easy to embed R or Python codes on Azure ML. So if you want to do more advanced stuff, or use a model that is not yet available on Azure ML, you can simply paste the code on R or Python there!
Microsoft environment: Many many companies rely on the Microsoft suite. And Azure ML connects perfectly with Excel, CSV and Access files.
It doesn't require you to have a Ph.D. to build models!
You can use it to address a very large and wide dataset without worrying about sampling.
Automation is in the product DNA. You can prepare your data, ingest it into the "Kernel", then get insights about what was found, decide to publish it and schedule scoring tasks or model refresh in the same product.
The documentation provides an explanation about what features are available but not necessarily what's happening behind the scenes. On the other side, the "community" has grown since the acquisition and most questions are properly addressed by SAP folks. Since the "product maintenance" mode announcement was made, there wasn't much new content published except on the Smart Predict side (which is built by the SAP Predictive Analytics team)
It is easier to learn, it has a very cost effective license for use, it has native build and created for Azure cloud services, and that makes it perfect when compared against the alternatives. As a Microsoft tool, it has been built to contain many visual features and improved usability even for non-specialist users.
We have typically used Spotfire for data analysis but decided to move to SAP Business Objects due to its innate connection with SAP. I found Lumira to be good for visualizations but it is not meant for data analysis. Therefore, we have introduced Predictive Analytics to see if it can fill that gap. So far, it's been far less intuitive than Spotfire to get started, and as far as I am aware so far, it does not bring many additional capabilities. I do, however, like that it utilizes the Lumira look/feel and integrates very well.
Productivity: Instead of coding and recoding, Azure ML helped my organization to get to meaningful results faster;
Cost: Azure ML can save hundreds (or even thousands) of dollars for an organization, since the license costs around $15/month per seat.
Focus on insights and not on statistics: Since running a model is so easy, analysts can focus more on recommendations and insights, rather than statistical details