Amazon Forecast

About Amazon Forecast

Amazon Forecast is a machine learning-based predictive analytics software and a time-series forecasting tool designed to facilitate metrics analysis for business in order to provide enhanced user experience and increased revenue. It allows you to predict business outcomes with ease and accuracy using the power and security of Amazon’s technology. Using the same technologies as Amazon.com, you can scale operations by anticipating millions of goods. With granular forecasting, you can optimize inventories and decrease waste. You can improve capital use and make more confident long-term choices. It offers optimal staffing to meet shifting demand levels and will improve customer satisfaction. You can improve the capabilities of software as a service (SaaS) product by integrating machine learning-based predictions to discover complicated demand linkages using Amazon Forecast. Users can combine historical sales and demand data with price, online traffic, weather, product category, and holiday information to forecast inventory requirements for particular establishments. With precise resource need forecasting in near-real time, you can improve utilization and customer satisfaction with Amazon Forecast. Additionally, it offers a free trial to test its features.