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Amazon Forecast

By Amazon Web Services (AWS)

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4.3 out of 5 stars

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Amazon Forecast Pros and Cons: Top Advantages and Disadvantages

Quick AI Summary Based on G2 Reviews

Generated from real user reviews

Users value the ease of integration of Amazon Forecast, making machine learning accessible and efficient for their needs. (1 mentions)
Users value the easy integration of Amazon Forecast, enhancing their machine learning capabilities effortlessly. (1 mentions)
Users appreciate the easy integration of Amazon Forecast for machine learning, enhancing overall efficiency and workflow. (1 mentions)
Users value the scalability of Amazon Forecast, allowing seamless adaptation to growing data needs. (1 mentions)

Top Pros or Advantages of Amazon Forecast

1. Ease of Use
Users value the ease of integration of Amazon Forecast, making machine learning accessible and efficient for their needs.
See 1 mentions

See Related User Reviews

Deepak S.
DS

Deepak S.

Small-Business (50 or fewer emp.)

4.5/5

"Best for machine learning to generate accurate forecast"

What do you like about Amazon Forecast?

Amazon Forecast is Easy Integration for machine learning.

2. Integrations
Users value the easy integration of Amazon Forecast, enhancing their machine learning capabilities effortlessly.
See 1 mentions

See Related User Reviews

Deepak S.
DS

Deepak S.

Small-Business (50 or fewer emp.)

4.5/5

"Best for machine learning to generate accurate forecast"

What do you like about Amazon Forecast?

Amazon Forecast is Easy Integration for machine learning.

3. Machine Learning
Users appreciate the easy integration of Amazon Forecast for machine learning, enhancing overall efficiency and workflow.
See 1 mentions

See Related User Reviews

Deepak S.
DS

Deepak S.

Small-Business (50 or fewer emp.)

4.5/5

"Best for machine learning to generate accurate forecast"

What do you like about Amazon Forecast?

Amazon Forecast is Easy Integration for machine learning.

4. Scalability
Users value the scalability of Amazon Forecast, allowing seamless adaptation to growing data needs.
See 1 mentions

See Related User Reviews

Deepak S.
DS

Deepak S.

Small-Business (50 or fewer emp.)

4.5/5

"Best for machine learning to generate accurate forecast"

What do you like about Amazon Forecast?

Amazon Forecast is Easy Integration for machine learning.

Amazon Forecast Reviews (81)

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Reviews

Amazon Forecast Reviews (81)

View 1 Video Reviews
4.3
81 reviews
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Verified User in Accounting
UA
Small-Business (50 or fewer emp.)
"Amazon Forecast"
What do you like best about Amazon Forecast?

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.

What do you dislike about Amazon Forecast?

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.

Verified User in Oil & Energy
AO
Mid-Market (51-1000 emp.)
"AWS forecast for simple projections"
What do you like best about Amazon Forecast?

The simplicity of implementation and the possibility of quickly and easily integrating the forecast into current processes (as long as they are on AWS), if they are outside of AWS it is a bit more work but possible. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

The low visibility of the modeling methodologies you use and the limitations that may arise when you reach a higher level of maturity, and the difficulty in reliably estimating costs. Review collected by and hosted on G2.com.

Jag M.
JM
Professional, RPA Controller
Enterprise (> 1000 emp.)
"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. Review collected by and hosted on G2.com.

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. Review collected by and hosted on G2.com.

Yash G.
YG
Small-Business (50 or fewer emp.)
"Forecasting now made easy"
What do you like best about Amazon Forecast?

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

What do you dislike about Amazon Forecast?

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

Hameedul M.
HM
Data Analyst
Small-Business (50 or fewer emp.)
"Amazon Forecast is a user-friendly machine learning and it is a great experience"
What do you like best about Amazon Forecast?

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.

What do you dislike about Amazon Forecast?

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.

CB
Enterprise (> 1000 emp.)
"Amazon Forecast"
What do you like best about Amazon Forecast?

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

What do you dislike about Amazon Forecast?

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

John H.
JH
Payroll Specialist
Enterprise (> 1000 emp.)
"The future forecasting application for business success"
What do you like best about Amazon Forecast?

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.

What do you dislike about Amazon Forecast?

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

Dikshant N.
DN
Corporate Commercial Sales Executive
Mid-Market (51-1000 emp.)
"Amazed forcasting"
What do you like best about Amazon Forecast?

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.

What do you dislike about Amazon Forecast?

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.

Verified User in Information Technology and Services
UI
Enterprise (> 1000 emp.)
"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. Review collected by and hosted on G2.com.

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. Review collected by and hosted on G2.com.

Verified User in Banking
UB
Enterprise (> 1000 emp.)
"If you want a ML solutions? It is!"
What do you like best about Amazon Forecast?

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.

What do you dislike about Amazon Forecast?

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.