Amazon Forecast vs. Azure OpenAI Service

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

The pricing doesn't seem fair to me if we compare the limitations and errors in the models. Also, they are currently working on new unified portal for all AI projects which is in beta preview. So, I guess we should wait until it matures, and fixes all the issues and should use once pricing and performance improves.

Incentivized

• Built-in datasets
• Accuracy
• Machine learning

Incentivized

• It's generative AI like ChatGPT but you get advanced models, so it's more powerful.
• You can use API to automate the process of Generative AI tasks.
• It also provides a sample script code on how we can use the API.

Incentivized

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

Incentivized

• The user interface is similar to the Azure, so it's bit laggy, they should improve it.
• The chat models sometimes return nothing, I guess they are still testing them.
• The models we use have quota limitation on tokens and number of requests.

Incentivized

Cost-effective and user-friendly.

Incentivized

Overall, Azure OpenAI services are not worth using, but only reason I used it because I got it under Startup sponsorship from Microsoft. Pricing is very high.

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

• Honestly, I just started using it a few months ago, and I haven't seen any major benefits.
• It has almost similar capabilities as free version of ChatGPT, so it's worth paying for chat models unless we need to use API.
• ROI has not been impacted at all, as I mostly use free version over this to avoid higher charges.

Incentivized