Category: Amazon Forecast

Amazon Forecast is a fully managed service that uses statistical and machine learning (ML) algorithms to deliver highly accurate time-series forecasts. Recently, based on Amazon Forecast, we helped one of our retail customers achieve accurate demand forecasting, within 8 weeks. The solution improved the manual forecast by an average of 10% in regards to the […]

Now with Amazon Forecast, you can generate up to 45% more accurate forecasts for products with no historical data. Forecast is a managed service that uses machine learning (ML) to generate accurate demand forecasts, without requiring any ML experience. Accurate forecasting is the foundation for inventory optimization, logistics planning, and workforce management and it enables […]

With environmental, social, and governance (ESG) initiatives becoming more important for companies, our customer, one of Greater China region’s top convenience store chains, has been seeking a solution to reduce food waste (currently over $3.5 million USD per year). Doing so will allow them to not only realize substantial operating savings, but also support corporate […]

This post is a joint collaboration with Andries Engelbrecht and James Sun of Snowflake, Inc. The cloud computing revolution has enabled businesses to capture and retain corporate and organizational data without capacity planning or data retention constraints. Now, with diverse and vast reserves of longitudinal data, companies are increasingly able to find novel and impactful […]

This post is co-written by Goktug Cinar, Michael Binder, and Adrian Horvath from Bosch Center for Artificial Intelligence (BCAI). Revenue forecasting is a challenging yet crucial task for strategic business decisions and fiscal planning in most organizations. Often, revenue forecasting is manually performed by financial analysts and is both time consuming and subjective. Such manual […]

Now with Amazon Forecast, you can seamlessly conduct what-if analyses up to 80% faster to analyze and quantify the potential impact of business levers on your demand forecasts. Forecast is a service that uses machine learning (ML) to generate accurate demand forecasts, without requiring any ML experience. Simulating scenarios through what-if analyses is a powerful […]

Today, we’re excited to announce that Amazon Forecast offers the ability to generate forecasts on a selected subset of items. This helps you to leverage the full value of your data, and apply it selectively on your choice of items reducing the time and effort to get forecasted results. Generating a forecast on ‘all’ items of the […]

We are excited to announce that in Amazon Forecast, you can now start your forecast horizon at custom starting points, including on Sundays for weekly forecasts. This allows you to more closely align demand planning forecasts to local business practices and operational requirements. Forecast is a fully managed service that uses statistical and machine learning […]

We’re excited to announce that you can now automatically monitor the accuracy of your Amazon Forecast predictors over time. As new data is provided, Forecast automatically computes predictor accuracy metrics on the new dataset, providing you with more information to decide whether to keep using, retrain, or create new predictors. Monitoring predictor quality and identifying […]

It’s almost here! Only 9 days until AWS re:Invent 2021, and we’re very excited to share some highlights you might enjoy this year. The AI/ML team has been working hard to serve up some amazing content and this year, we have more session types for you to enjoy. Back in person, we now have chalk […]