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Amazon Forecast Reviews

User Rating

4.5/5 (Based on 84 Ratings)

Rating Distribution

  • Excellent

    52.4%
  • Very Good

    40.5%
  • Average

    7.1%
  • Poor

    0%
  • Terrible

    0%

User Sentiments

Accurate Forecasting, Ease of Use, Automated Forecasting Process, Seamless AWS Integration

High Learning Curve, Limited Customization Options, Pricing Complexity, High System Requirements

Do You Use Amazon Forecast?

Write a Review

Review Summary

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.

Pros

  • Amazon Forecast leverages machine learning for automated forecasting, improving accuracy and enabling better business decisions.
  • It offers flexibility with support for various data types and seamless integration with AWS tools and services.
  • Amazon Forecast can handle largescale forecasting tasks efficiently and ensures high availability for businesses of any size.

Cons

  • Setting up and configuring Amazon Forecast can be complex due to its reliance on machine learning and AWS infrastructure.
  • The pricing structure can be complex and potentially expensive for specific use cases.
  • Limited customization options and flexibility in forecasting algorithms and models may restrict user control.

AI-Generated from the text of User Reviews

Reviews
SP

Shiva Reddy P

November 27, 2023 Source: G2.com
"Amazon Forecast services"
What do you like best about Amazon Forecast?

Easy to access the application and data security is there

What do you dislike about Amazon Forecast?

Need to be user friendly and dashboard need to optimise

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

User details and authentication purpose

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CB

Camilo B

July 27, 2023 Source: G2.com
"An amazing business tool"
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

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

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

Read more
hj

himanshu j

July 16, 2023 Source: G2.com
"Amazon Forecast: The one stop solution for all your predictive analytics and forecasting needs"
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

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

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

Read more
CN

Choy N

July 3, 2023 Source: G2.com
"One of the programs that has informed"
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.

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.

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.

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JM

Jag M

May 31, 2023 Source: G2.com
"Consultant"
What do you like best about Amazon Forecast?

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.

What do you dislike about Amazon Forecast?

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.

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

It can be used to compare the statistical predictions from predictive planning against your own forecast.

Read more
JS

Jitender S

May 20, 2023 Source: G2.com
"An Outstanding Experience with a User-Friendly Machine Learning Tool: Amazon Forecast"
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.

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.

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.

Read more
AR

Amy R

May 19, 2023 Source: G2.com
"2 Thumbs Up For Amazon Forecast"
What do you like best about Amazon Forecast?

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.

What do you dislike about Amazon Forecast?

I don't like having to pay for t he service.

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

The forecast provides algorithms to predict future time series based on historical data and requires no machine-learning experience.

Read more
JJ

Jay J

May 18, 2023 Source: G2.com
"A near perfect system to prepare for all situations"
What do you like best about Amazon Forecast?

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.

What do you dislike about Amazon Forecast?

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.

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

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.

Read more
MN

Maria N

May 16, 2023 Source: G2.com
"Forecasting"
What do you like best about Amazon Forecast?

The fact that it streamlines the data for my business all in one place.

What do you dislike about Amazon Forecast?

Nothing I think it's a great program no changes needed.

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

Helps me analyze current and projected data.

Read more
AU

Anonymous User

May 12, 2023 Source: G2.com
"Review of Amazon Forecast"
What do you like best about Amazon Forecast?

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.

What do you dislike about Amazon Forecast?

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.

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

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.

Read more

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