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Amazon Forecast Pros and Cons: Top 5 Advantages and Disadvantages

Quick AI Summary Based on G2 Reviews

Generated from real user reviews

Users find Amazon Forecast to be user-friendly, offering accurate predictions without requiring machine learning expertise. (14 mentions)
Users value the high forecasting accuracy of Amazon Forecast, leveraging advanced ML to produce dependable predictions effortlessly. (13 mentions)
Users value the high accuracy of Amazon Forecast, benefiting from reliable results through advanced machine learning technology. (11 mentions)
Users appreciate the high accuracy and ease of use of Amazon Forecast, leveraging advanced ML for reliable predictions. (10 mentions)
Users value the high accuracy of Amazon Forecast, benefiting from reliable results powered by advanced ML technology. (7 mentions)
Users express concern over the high costs of Amazon Forecast, particularly with large datasets and frequent predictions. (11 mentions)
Users find Amazon Forecast's complexity in setup and use frustrating, particularly affecting those unfamiliar with AWS services. (9 mentions)
Users find the steep learning curve of Amazon Forecast challenging, especially for those not familiar with AWS. (6 mentions)
Users express concern over the high costs of Amazon Forecast, especially when scaling for larger datasets. (5 mentions)
Users find that the cost escalates quickly with large datasets and frequent model retraining, impacting budget management. (5 mentions)

5 Pros or Advantages of Amazon Forecast

5 Cons or Disadvantages of Amazon Forecast

Amazon Forecast Reviews (102)

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Reviews

Amazon Forecast Reviews (102)

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4.3
102 reviews
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Verified User in Information Technology and Services
UI
Verified User in Information Technology and Services
Mid-Market (51-1000 emp.)
"Low Barrier to Entry—Fast Value Without a Full Expert Team"
4/5
What do you like best about Amazon Forecast?

Low barrier to entry as you don’t need a full team with expert people to get value fast. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

Data preparation need to be done in advance. Review collected by and hosted on G2.com.

Deepak S.
DS
Deepak S.
Team Lead
Small-Business (50 or fewer emp.)
"Best for machine learning to generate accurate forecast"
4.5/5
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.

Ashwinkumar D.
AD
Ashwinkumar D.
Regional Business Manager
Mid-Market (51-1000 emp.)
"precise yet reliable"
4/5
What do you like best about Amazon Forecast?

it is highly reliable and scalable, this is more than most of our needs that allows it to be more user-friendly. 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 space 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.

Choy N.
CN
Choy N.
Information Technology Desktop Support Engineer
Mid-Market (51-1000 emp.)
"One of the programs that has informed"
5/5
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.

Saurabh M.
SM
Saurabh M.
Problem Setter
Small-Business (50 or fewer emp.)
"Amazon forecast is best software that Machine Learning to generate accurate forecast and predictions"
4.5/5
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.

Karin B.
KB
Karin B.
Digital Marketing Specialist
Marketing and Advertising
Small-Business (50 or fewer emp.)
"Amazon Forecast is a terrific experience and a user-friendly machine learning tool"
5/5
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.

Jitender S.
JS
Jitender S.
Mid-Market (51-1000 emp.)
"An Outstanding Experience with a User-Friendly Machine Learning Tool: Amazon Forecast"
5/5
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.

Camilo  B.
CB
Camilo B.
Operations Manager
Logistics and Supply Chain
Small-Business (50 or fewer emp.)
"An amazing business tool"
5/5
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.

himanshu j.
HJ
himanshu j.
Lead - Analytics
Small-Business (50 or fewer emp.)
"Amazon Forecast: The one stop solution for all your predictive analytics and forecasting needs"
5/5
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.

Abdallah M.
AM
Abdallah M.
Software Engineer
Small-Business (50 or fewer emp.)
"Amazon Forecast for Business Forecasting: An Accurate and User-Friendly Solution"
5/5
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.