A great all rounder if you can keep costs undercontrol
April 26, 2022
A great all rounder if you can keep costs undercontrol
Score 7 out of 10
Vetted Review
Verified User
Overall Satisfaction with Amazon Forecast
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.
- Built-in datasets
- Accuracy
- Machine learning
- Potential very high costs
- Predicting ongoing running costs
- Very product focused
- Dataset importing
- Generating/predicting spike forecasts
- Training predictors
- 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
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.
Do you think Amazon Forecast delivers good value for the price?
Not sure
Are you happy with Amazon Forecast's feature set?
Yes
Did Amazon Forecast live up to sales and marketing promises?
I wasn't involved with the selection/purchase process
Did implementation of Amazon Forecast go as expected?
No
Would you buy Amazon Forecast again?
Yes