Who Use Amazon Forecast
Predicting product demand to optimize inventory and reduce waste.
Forecasting market trends to make informed investment decisions.
Planning logistics and distribution based on anticipated demand.
Workforce planning to match staffing levels with business activity.
Used by energy companies for load forecasting; Adopted by healthcare providers to predict patient admission rates.
Price Details
Free Tier
Users can forecast up to 10,000 time series for 2 months under the AWS Free Tier.
Pay-As-You-Go
Amazon Forecast follows a pay-as-you-go pricing model, where users are billed based on the number of forecasts generated and the amount of data processed.
Ratings
Overall Score
4.5/5
Accuracy & Reliability
4.8/5
Ease of Use
4.2/5
Functionality & Features
4.7/5
Performance & Speed
4.5/5
Customization & Flexibility
4.3/5
Data Privacy & Security
4.9/5
Support & Resources
4.6/5
Cost Efficiency
4.4/5
Integration Capabilities
4.5/5
What is Amazon Forecast
Amazon Forecast is a cutting-edge forecasting service that utilizes machine learning (ML) to deliver highly accurate predictions for a variety of business applications. This tool is designed to harness the same technology that powers forecasting at Amazon.com, making it accessible to businesses of all sizes. With Amazon Forecast, users can predict future trends, demands, and outcomes, enhancing decision-making processes across various industries.
Description
Amazon Forecast
Amazon Forecast is an advanced forecasting service powered by machine learning, designed to provide highly accurate predictions for various business applications. It leverages the same technology used by Amazon.com and is accessible to businesses of all sizes. With Amazon Forecast, users can predict future trends, demands, and outcomes, enhancing decision-making processes across industries.