Home/ Predictive Analytics Software/ Amazon Forecast/ Reviews
Predictive Analysis done right
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40.5%
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Accurate Forecasting, Ease of Use, Automated Forecasting Process, Seamless AWS Integration
High Learning Curve, Limited Customization Options, Pricing Complexity, High System Requirements
Amazon Forecast is a powerful forecasting tool that utilizes machine learning to deliver accurate predictions based on historical data. Users appreciate its ease of use, even for those without extensive machine learning experience, and its capacity to handle large datasets. The accuracy of its predictions is consistently praised, allowing businesses to make informed decisions about inventory management, pricing, and resource allocation. However, some users point to the service's cost as a potential drawback, especially for smaller businesses. Additionally, the initial setup and configuration can be challenging, requiring a basic understanding of machine learning concepts and AWS infrastructure. Overall, Amazon Forecast is a promising tool for businesses seeking to leverage the power of AI for forecasting, but its cost and complexity may require careful consideration.
AI-Generated from the text of User Reviews
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
It is an excellent product but the user interface could be a bit more user-friendly, a costly price
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
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
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
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
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.
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.
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.
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.
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.
It can be used to compare the statistical predictions from predictive planning against your own 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.
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.
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.
With Amazon Forecast, users can benefit from a fully managed service that utilizes statistical and machine learning algorithms to provide exceptional accuracy in time-series forecasting.
I don't like having to pay for t he service.
The forecast provides algorithms to predict future time series based on historical data and requires no machine-learning experience.
The best aspect about using this software is the attention to detail that the system gives you. The data inputted is meticulously screened for anomalies making it easier to manage for accountability.
The negative aspect of this system is the amount of time staff and the team need to get accustomed to all the software and systems to make it navigatable, do not get me wrong there is help out there but it just takes a lot of staff productivity time.
it is helping the company or my team to see where the patient materials used are going in the future, what products are used more than others and how to organize a busy hospital unit.
The fact that it streamlines the data for my business all in one place.
Nothing I think it's a great program no changes needed.
Helps me analyze current and projected data.
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.
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.
By leveraging Amazon Forecast, you gain a clear visibility into the resources utilized and the corresponding outcomes. This level of clarity empowers you to create effective long-term strategies, making it particularly beneficial for new businesses.
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Easy to access the application and data security is there
Need to be user friendly and dashboard need to optimise
User details and authentication purpose