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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.

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Pricing

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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

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Product Demos

Amazon Forecast demo by Team Neoterics

YouTube

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

YouTube
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Product Details

What is Amazon Forecast?

Amazon Forecast Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews and Ratings

(8)

Reviews

(1-1 of 1)
Companies can't remove reviews or game the system. Here's why
Srinivasan V Iyer | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Amazon Forecast is being deployed into the system for us to predict incoming expenses that can be incurred by the usage of the services within the AWS. Helps in resources and operational planning that are very helpful for the determination of the workforce and the resources that might be required in the future.
  • Ease of use
  • Integration with AWS Services
  • ML and AI for better prediction
  • High on Cost
  • Lack in customization
  • Limited availability of integration
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.
  • Integration with AWS
  • Forecasting the upcoming usages
  • ML and AI
  • Helped in planning the resources required.
  • ML and AI delivered near perfect forecasts.
  • Features and the details available for the cost is not enough.
There was no other product or service that was considered before making the choice to go with Amazon Forecast as the forecasting that the company was looking for had everything running in the AWS environment, the choice had to be obvious. Integrating with Amazon Forecast also ensured that everything is under a single roof and we didn't have to go multiple places looking for data when needed.
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