
Amazon ForecastAmazon Web Services (AWS)
Increase forecast accuracy using machine learning
Vendor
Amazon Web Services (AWS)
Company Website

Product details
Forecast business outcomes easily and accurately using machine learning
- Scale operations by forecasting millions of items, using the same technology as Amazon.com.
- Optimize inventory and reduce waste with accurate forecasts at a granular level.
- Improve capital utilization and make long-term decisions with more confidence.
- Increase customer satisfaction with optimal staffing to meet varying demand levels.
How it works
Amazon Forecast is a time-series forecasting service based on machine learning (ML) and built for business metrics analysis.
Use cases
Retail and inventory forecasting
Reduce waste, increase inventory turns, and improve in-stock availability by forecasting product demand at specific probability levels
Workforce planning
Forecast workforce staffing at 15-minute increments to optimize for high and low demand periods
Travel demand forecasting
Forecast foot traffic, visitor counts, and channel demand to more efficiently manage operating costs