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Amazon Forecast Reviews & Product Details

Shashi K.
SK
Senior Consultant - Data Science
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Amazon Forecast?

As it's a fully managed service for forecast generation that uses statistical method & Machine Learning algorithms that computes a higher accuracy on time-series forecasts, can be used in many areas like retail, finance, logistics and etc... Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

Custom Model Implementation and usage is quite tough, meaning we can import our own research model into the automated flow of Amazon Forecast, but based on the discussion they are trying to implement this feature. Review collected by and hosted on G2.com.

What problems is Amazon Forecast solving and how is that benefiting you?

We have some Demand Forecasting to be implemented on the future requirement of the stock, so we implemented Amazon Forecast which helps us in the quick turnaround of the better performance model. Review collected by and hosted on G2.com.

Amazon Forecast Overview

What is Amazon Forecast?

Amazon Forecast is a fully managed service that uses machine learning to deliver highly accurate forecasts.

Amazon Forecast Details
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Product Description

Amazon Forecast is a fully managed service that uses machine learning to deliver highly accurate forecasts.


Seller Details
Year Founded
2006
HQ Location
Seattle, WA
Twitter
@awscloud
2,232,026 Twitter followers
LinkedIn® Page
www.linkedin.com
136,383 employees on LinkedIn®
Ownership
NASDAQ: AMZN
Total Revenue (USD mm)
$177,866
Description

By giving customers more of what they want - low prices, vast selection, and convenience - Amazon continues to grow and evolve as a world-class e-commerce platform.

Recent Amazon Forecast Reviews

Deepak S.
DS
Deepak S.Small-Business (50 or fewer emp.)
4.5 out of 5
"Best for machine learning to generate accurate forecast"
Amazon Forecast is Easy Integration for machine learning.
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.0 out of 5
"Amazon Forecast"
The data preprocessing is reliable which results in an accurate forecast. Also use mostly other AWS services such as S3 , cloudwatch and its easy t...
Ashwinkumar D.
AD
Ashwinkumar D.Mid-Market (51-1000 emp.)
4.0 out of 5
"precise yet reliable"
it is highly reliable and scaleble , this is more than mos of our needs that allows it to be more userfriendly. we also cherish its use of the AWS ...
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Amazon Forecast Media

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Video Reviews

80 out of 81 Total Reviews for Amazon Forecast

4.3 out of 5
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Amazon Forecast Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for Amazon ForecastQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Deepak S.
DS
Team Lead
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Amazon Forecast?

Amazon Forecast is Easy Integration for machine learning. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

I do not found any issue in Amazon Forecast. Review collected by and hosted on G2.com.

What problems is Amazon Forecast solving and how is that benefiting you?

The service supports a range of forecasting types, such as point forecasting, quantile forecasting, and probabilistic forecasting. This enables users to choose the approach that best fits their business needs. Review collected by and hosted on G2.com.

Ashwinkumar D.
AD
Regional Business Manager
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
What do you like best about Amazon Forecast?

it is highly reliable and scaleble , this is more than mos of our needs that allows it to be more userfriendly. we also cherish its use of the AWS infrastructure and the preciseness that it provides in return based on the data inputs Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

it has occupied more scape in my system over time and this can impact the overall effectiveness of the other softwares etc Review collected by and hosted on G2.com.

What problems is Amazon Forecast solving and how is that benefiting you?

ability to handle complex datasets that can be provided is a key benefit that we have really enjoyed with this product. Initially we did try doing this with a precaution depending on the reprecautions of the outcome but it has been very overwhelming the way this program had proved to be efficient yet reliable Review collected by and hosted on G2.com.

Choy N.
CN
Information Technology Desktop Support Engineer
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Amazon Forecast?

What I like most about this program is its compression capacity and the intelligence with which it takes over my work to improve certain aspects significantly. Amazon Forecast is a program that I always rely on to manage my work. Effective since by this means I can carefully plan all the resources that I have at hand as well as the raw material that we have to meet the demands of our clientele fully, the automatic learning that this program constantly exposes simplifies and acts more effectively every time it runs in my work. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

The size and demands of this program on my system are getting bigger and more annoying as the software of this program takes up a lot of space on my system and makes communication with other programs complicated; I mean, it might affect the speed with which other programs of equal importance are executed in my system, to have this program it is necessary to have a large and robust system. Review collected by and hosted on G2.com.

What problems is Amazon Forecast solving and how is that benefiting you?

One of the programs that have informed me the most and have been most accurate for the forecast for the demand of my company is, without a doubt, Amazon Forecast since this program brings together the best and most intelligent tools to study my entire environment in addition to planning for leading the development of my work of each of my projects, this program will take absolute control of all my products or the order with which we can respond to the demands of each of my clients to have the exact quantity and resources with the conclusion to provide a better service more and more since one of the benefits of this program is to improve more and more thanks to the graphics that allow us to study our circuits. Review collected by and hosted on G2.com.

Saurabh M.
SM
Problem Setter
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Amazon Forecast?

Being a cloud-based service, Amazon Forecast leverages the scalability and reliability of AWS infrastructure. It can handle large datasets and compute resources to generate forecasts quickly, allowing for efficient processing even with high data volumes and complex models. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

The accuracy and effectiveness of forecasts generated by Amazon Forecast heavily rely on the quality and relevance of input data. If the historical data used for training contains anomalies, outliers, or other data quality issues, it can negatively impact the accuracy of the forecasts. Review collected by and hosted on G2.com.

What problems is Amazon Forecast solving and how is that benefiting you?

It is solving problems related to financial planning. Forecasting future sales and demand is essential for financial planning and budgeting. Amazon Forecast assists businesses in predicting future revenue streams, cash flow, and profitability, providing valuable insights for financial decision-making, investment planning, and budget allocation. Review collected by and hosted on G2.com.

Karin B.
KB
Digital Marketing Specialist
Marketing and Advertising
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Amazon Forecast?

Its ability to generate precise forecasts based on historical data and outside factors, as well as how simple it is to use and customize, are things I admire. Due to these characteristics, it is a fantastic tool for enhancing forecasting capabilities in businesses of all sizes. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

It would help if you went through a learning curve to profit from Amazon Forecast fully. You will need some knowledge of the fundamentals of machine learning as well as experience using AWS services. It's not complicated, but it can be a rather lengthy process. Review collected by and hosted on G2.com.

What problems is Amazon Forecast solving and how is that benefiting you?

Utilizing Amazon Forecast gives you a crystal-clear understanding of the resources you're using and the result, allowing you to make effective long-term plans, which is excellent for new businesses. Review collected by and hosted on G2.com.

Jitender S.
JS
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Amazon Forecast?

The accuracy with which Amazon Forecast makes estimates utilising past data and outside variables genuinely astounded me. It is a unique tool because of how simple it is to use and the customization choices. For increasing forecasting abilities in firms of all sizes, it is simply wonderful. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

There is a little learning curve to utilising Amazon Forecast to its best potential. Both a fundamental understanding of machine learning and prior knowledge of AWS services are required. Although not unduly difficult, it is important to keep in mind that the onboarding procedure can take some time. Review collected by and hosted on G2.com.

What problems is Amazon Forecast solving and how is that benefiting you?

Utilising Amazon Forecast gives you a thorough understanding of the resources you use and the results attained, allowing you to create long-term strategic plans with the highest clarity. This feature helps fledgling firms, giving them the ability to make wise decisions and successfully optimise their operations. Review collected by and hosted on G2.com.

Camilo  B.
CB
Operations Manager
Logistics and Supply Chain
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Amazon Forecast?

That is a powerful forecasting service that evaluates the service based on your specific requirements and considers testing it with your data before making any critical business decisions, I also love it because helps our business to generate accurate forecasts and make informed decisions Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

It is an excellent product but the user interface could be a bit more user-friendly, a costly price Review collected by and hosted on G2.com.

What problems is Amazon Forecast solving and how is that benefiting you?

That is a powerful forecasting service that evaluates the service based on your specific requirements and considers testing it with your data before making any critical business decisions, I also love it because helps our business to generate accurate forecasts and make informed decisions Review collected by and hosted on G2.com.

himanshu j.
HJ
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Amazon Forecast?

Amazon forecast is currently the best solution in the market with end to end analytics tools and advanced capabilities for predictive analytics, forecasting, time series analysis with Neural Network and ARIMA models Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

The only demerit of Amazon Forecast is regarding the preprocessing of the data before plugging it in the models as its a costly affair, thus it requires extra care to validate the data to reduce the training time and optimize the cost Review collected by and hosted on G2.com.

What problems is Amazon Forecast solving and how is that benefiting you?

Amazon Forecast helps us in providing the insights about the trends, seasonality and correlation of the current market trends basis the data, to take better and effircinet business decisions ahead of the competition Review collected by and hosted on G2.com.

Abdallah M.
AM
Software Engineer
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Amazon Forecast?

I like how it can produce accurate predictions based on past data and external circumstances, as well as how easy it is to use and customize. These properties make it an excellent tool for improving forecasting capabilities in firms of all sizes. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

Difficulty in utilizing or comprehending the service, a lack of customizing possibilities, a costly price, or limits in the accuracy of the forecasts generated. Additionally. Review collected by and hosted on G2.com.

What problems is Amazon Forecast solving and how is that benefiting you?

1- Improved forecasting accuracy can assist organizations in making better decisions and reducing the risk of overstocking or understocking.

2-When compared to manual forecasting approaches, automated forecasting can save time and money.

3-The capacity to increase forecasting accuracy by utilizing a diverse set of data sources, including time series data and external data.

Overall, Amazon Forecast may assist organizations in improving their operations, lowering expenses, and increasing revenue by offering more accurate and dependable projections. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
UI
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Amazon Forecast?

Amazon Forecast, a fully managed forecasting service, offers several advantages. Firstly, it leverages machine learning to automate and improve forecasting accuracy, allowing businesses to make more informed decisions and optimize their operations. Secondly, it provides flexibility with support for various data types and integration with other Amazon Web Services (AWS) tools and services, enabling seamless workflows. Lastly, Amazon Forecast offers scalability and reliability, handling large-scale forecasting tasks efficiently and ensuring high availability for businesses of any size. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

There are some challenges with the complexity of setting up and configuring the service, which may require a deep understanding of forecasting concepts and AWS infrastructure. Additionally, the pricing structure of Amazon Forecast can be complex and may be considered expensive for specific use cases. I desire more customization options and greater flexibility in forecasting algorithms and models. Review collected by and hosted on G2.com.

What problems is Amazon Forecast solving and how is that benefiting you?

Amazon Forecast solves the problem of accurate demand forecasting, enabling businesses to better anticipate customer needs and optimize their inventory and supply chain management. By leveraging machine learning, it automates the forecasting process, saving time and resources while improving the accuracy of predictions. Review collected by and hosted on G2.com.