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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 Apparel & Fashion
AA
Verified User in Apparel & Fashion
Small-Business (50 or fewer emp.)
"Definetly one of the best predicting tools out there."
4/5
What do you like best about Amazon Forecast?

We've been using Amazon Forecast for the past year and have been extremely impressed with the results. The service is incredibly easy to use, even for those without machine learning experience, and the predictions it provides have proven to be highly accurate. The time and resources we've saved by using Forecast have been invaluable, and we highly recommend it to any business looking to leverage the power of machine learning to scale their business for tomorrow. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

The only major potential downside of Amazon Forecast maybe is its cost. Additionally, the tool may present a learning curve for beginners and is best for businesses deeply embedded in the amazon ecosystem. Review collected by and hosted on G2.com.

Kaustubh S.
KS
Kaustubh S.
Senior Manager 2 - Lending Transformation for Shriram Finance Group
Enterprise (> 1000 emp.)
"Awesome predictions with forecasting"
4.5/5
What do you like best about Amazon Forecast?

It can give accurate results as per the user requirements. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

Sometimes it can be a bit overwhelming to see a system so accurate that it can replace data analysts. Review collected by and hosted on G2.com.

ABHISHEK J.
AJ
ABHISHEK J.
Data Scientist
Mid-Market (51-1000 emp.)
""Amazon Forecast is a machine learning-based predictive analytics""
5/5
What do you like best about Amazon Forecast?

Amazon forecast is a fantastic tool for time-series forecasting and predictive analytics software. It helped me in predicting business outcomes with ease. Overall it has quite an exemplary user interface. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

Overall it's an excellent predictive analytic and time-series forecasting product with a good user interface, but the pricing is little bit higher compared to other services. Review collected by and hosted on G2.com.

PB
Prajwal B.
NA
Small-Business (50 or fewer emp.)
"Forecast review"
4/5
What do you like best about Amazon Forecast?

Predicts well in advance that helps for analysis Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

As of now I am not able to see any drawbacks Review collected by and hosted on G2.com.

Kamel M.
KM
Kamel M.
Right Hand to the Founder
Small-Business (50 or fewer emp.)
"Great"
4.5/5
What do you like best about Amazon Forecast?

Amazon Forecast is a powerful machine learning tool that is easy to use and provides high accuracy predictions. It integrates well with other AWS services and is scalable to handle growing forecasting needs. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

However, it does have some downsides such as cost, limited customization options, and is primarily designed for time series data. Additionally, it requires data preparation before uploading it to Amazon Forecast. Review collected by and hosted on G2.com.

Anurag S.
AS
Anurag S.
Professional 1 Software Engineer
Mid-Market (51-1000 emp.)
"Amazon Forecast Review"
4.5/5
What do you like best about Amazon Forecast?

It's a very helpful fully managed service which helps us with insights using ML. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

One downside would be since it's a cloud-based service it needs internet connectivity. Review collected by and hosted on G2.com.

Verified User in Apparel & Fashion
UA
Verified User in Apparel & Fashion
Small-Business (50 or fewer emp.)
"Easy to use service for time-series forecasting"
4.5/5
What do you like best about Amazon Forecast?

Amazon forecast provides the best time-series forecasting based on historical data. It is simple and does not require the knowledge of any machine learning algorithms beforehand. The same algorithms used at amazon.com are used as part of this service. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

Nothing to dislike as of now. It provides the best forecasts, but like any other machine learning algorithm, the prediction becomes more accurate only with a large amount of historical data. Review collected by and hosted on G2.com.

Moh Yusril  I.
MI
Moh Yusril I.
Creative Hacknology Intensive Program (CHIP #9) Trainee
Small-Business (50 or fewer emp.)
"Using Amazon Forecast is very easy for beginners"
5/5
What do you like best about Amazon Forecast?

I am a beginner in business forecasting and don't really understand coding, I use Amazon Forecast, it's very easy, with this I can predict my products. The competitor is expensive. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

In Indonesia, I haven't met the community from Amazon Forecast, I want to be able to learn and discuss, I hope to meet the community, upgrade documentation and build community. Review collected by and hosted on G2.com.

Maria N.
MN
Maria N.
Advance technical support
Mid-Market (51-1000 emp.)
"Forecasting"
5/5
What do you like best about Amazon Forecast?

The fact that it streamlines the data for my business all in one place. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

Nothing I think it's a great program no changes needed. Review collected by and hosted on G2.com.

SK
Sujit K.
Enterprise (> 1000 emp.)
"Amazon is just Amaze on"
4.5/5
What do you like best about Amazon Forecast?

Amazon Forecast is the best-in-class tool to predict future Forecasts and replicate growth easily. Review collected by and hosted on G2.com.

What do you dislike about Amazon Forecast?

Amazon Forecast as pretty good balance and can provide faster result. Review collected by and hosted on G2.com.