Amazon Forecast Pros and Cons

Amazon Forecast can handle large amounts of data automatically. I was able to import and process massive datasets, which was nice for my high-volume forecasting needs. The machine learning algorithms generated highly accurate forecasts for my company. Review collected by and hosted on G2.com.

You will have to overcome a learning curve to get the full benefits out of Amazon Forecast. You will have to have some understanding of basic machine learning concepts and familiarity with AWS services. Review collected by and hosted on G2.com.

La simplicidad para implementar y posibilidad de integrarlo rápido y sencillos el pronóstico en procesos actuales (mientras estén en aws), si están fuera de aws es un poco más de trabajo pero posible. Review collected by and hosted on G2.com.

La poca visibilidad de las metodologías de modelado que utiliza y limitantes que pueden surgir cuando llegas a un nivel de madurez mayor y la dificultad para estimar costos confiable. Review collected by and hosted on G2.com.

The best thing about Amazon Forecast is Retail Demand Planning - Predict product demand, allowing you to more accurately vary inventory and pricing at different store location.

Also it provides the business with valuable information that the business can use to make decisions. Review collected by and hosted on G2.com.

Only 13,10 and 25 features are allowed in Target, metadata, and related time series data sets respectively

Sometimes we the future will be unpredictable. Review collected by and hosted on G2.com.

It allows us to analyse our products demand and also predict the quantity of services required. Review collected by and hosted on G2.com.

There is nothing as such that I dislike about this service Review collected by and hosted on G2.com.

Amazon Forecast is a machine learning service that helps businesses create accurate time series forecasts. Some potential upsides of using Amazon Forecast include the following:

1. Improved accuracy

2. Automated model selection

3. Easy to use

4. Scalability

5. Cost-effective Review collected by and hosted on G2.com.

One potential downside of using Amazon Forecast is that it is a cloud-based service, meaning users need an internet connection to access it. This may not be ideal for organizations with limited or unreliable internet connectivity.

Another potential downside is that Amazon Forecast is a machine-learning service requiring a certain amount of data to create accurate forecasts. If a business does not have sufficient historical data, it may be difficult for Amazon Forecast to develop accurate predictions. Review collected by and hosted on G2.com.

AWS services offer solutions for, storage, databases, which I like the most. Review collected by and hosted on G2.com.

As of now nothing, it is very useful tolearn analytics, and more. Review collected by and hosted on G2.com.

We can easily monitor cashflow and performance metrics in the enterprise. Amazon Forecast provides automated analytics that enables my team to plan and set achievable goals. The product has saved the company from running into salary crisis with efficient cash planning. Review collected by and hosted on G2.com.

We are moving forward with new plans and reliable revenue management mechanisms. Review collected by and hosted on G2.com.

Analytical tools to adapt variables. I tried with a set of numbers series that w received from a client. It turned out as productive result, which amazed me. Review collected by and hosted on G2.com.

It is little difficult for a moderate person to try , a beginning tutorial can help better. Just a suggestion . Review collected by and hosted on G2.com.

I greatly appreciate its capacity to produce accurate predictions by analyzing past data and external variables. Additionally, its user-friendly interface and adaptability make it an exceptional resource for improving forecasting abilities in businesses, regardless of their size. Review collected by and hosted on G2.com.

To fully benefit from Amazon Forecast, there is a learning curve involved. It requires a basic understanding of machine learning principles and familiarity with AWS services. While not overly complex, the process may take some time to navigate due to its lengthier nature. Review collected by and hosted on G2.com.

It was nice to be able to create various analyzes and results.

In particular, it produced more information and results than basic thoughts and ideas about ML.

AWS has always been the best, and AWS forecast is truly the best. Review collected by and hosted on G2.com.

The biggest issue with AWS is money.

In fact, it is expensive. There is a burden to create more performance and results for high cost.

But still, AWS is the best. Review collected by and hosted on G2.com.