Skip to main content
TrustRadius
Amazon Forecast

Amazon Forecast

Overview

What is Amazon Forecast?

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.

Read more
Recent Reviews
Read all reviews
Return to navigation

Pricing

View all pricing
Amazon Forecast

Amazon Forecast

N/A
Unavailable

What is Amazon Forecast?

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.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

Would you like us to let the vendor know that you want pricing?

6 people also want pricing

Alternatives Pricing

Qlik Sense

Qlik Sense

$20
per month per user (10 user minimum)
What is Qlik Sense?

Qlik Sense® is a self-service BI platform for data discovery and visualization. It supports a full range of analytics use cases—data governance, pixel-perfect reporting, and collaboration. Its Associative Engine indexes and connects relationships between data points for creating actionable insights.

Anaconda

Anaconda

Free
What is Anaconda?

Anaconda provides access to the foundational open-source Python and R packages used in modern AI, data science, and machine learning. These enterprise-grade solutions enable corporate, research, and academic institutions around the world to harness open-source for competitive advantage and…

Return to navigation

Product Demos

Amazon Forecast demo by Team Neoterics

YouTube

Amazon Forecast – Forecasting - From Months to Days (Hebrew)

YouTube
Return to navigation

Product Details

What is Amazon Forecast?

Amazon Forecast Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
Return to navigation

Comparisons

View all alternatives
Return to navigation

Reviews and Ratings

(8)

Reviews

(1-2 of 2)
Companies can't remove reviews or game the system. Here's why
April 29, 2022

Amazon Forecast review.

Verified User
Engineer in Engineering
Computer Software Company, 10,001+ employees
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Use Cases and Deployment Scope
Amazon Forecast is a fully managed service that uses machine learning to deliver highly accurate forecasts. It helps to understand combined time-series data.
Pros and Cons
  • Develop benchmarks for use in future forecast.
  • Performs contingency planning during challenging financial times.
  • Anticipate the impact of new expanse.
  • It doesn't give 100% accurate result always.
Likelihood to Recommend
It's user-friendly and the best part is it gives more accurate results compared to other tools available on the market.
Most Important Features
  • It provides amazing prediction based on user provided parameters and variables.
Return on Investment
  • Data is important for business, the tool helps to forecast the future of the business based on previous data.
Alternatives Considered
Cost-effective and user-friendly.
Other Software Used
April 26, 2022

A great all rounder if you can keep costs undercontrol

Verified User
Manager in Information Technology
Publishing Company, 201-500 employees
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Use Cases and Deployment Scope
Forecasting and predicting future points in the supply chain, using historical data to estimate as accurately as possible the quantity of print and raw materials required for manufacturing and printing. We also experimented with both resource and operational planning to predict future staffing requirements and server capacity based on accelerated digital growth as a result of increased digital output that was required from COVID.
Pros and Cons
  • Built-in datasets
  • Accuracy
  • Machine learning
  • Potential very high costs
  • Predicting ongoing running costs
  • Very product focused
Likelihood to Recommend
I personally get the feeling that Amazon Forecast must have been a direct product released on the models Amazon themselves must have used at some port. Amazon Forecast definitely shines when using it for product demand, inventory, and pricing throughout store locations, etc. Everything, including data-set importing, works best in this context. When applying it to more edge cases like resource planning around events, it can be a bit more tricky to apply effectively.
Most Important Features
  • Dataset importing
  • Generating/predicting spike forecasts
  • Training predictors
Return on Investment
  • It can definitely spike in costs if not heavily controlled internally via processes
  • Has proven useful around digital resource forecasting, proving more accurate than traditional methods
  • Had an unforeseen cost increase in terms of training internal users
Alternatives Considered
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 understanding of the UI, terms, and concepts compared to other products in the product evaluation stage.
Other Software Used
Return to navigation