Audience
Anyone looking to improve forecasting without having any machine learning experience yet
About Amazon Forecast
Amazon Forecast is a fully managed service that uses machine learning to deliver highly accurate forecasts.
Companies today use everything from simple spreadsheets to complex financial planning software to attempt to accurately forecast future business outcomes such as product demand, resource needs, or financial performance. These tools build forecasts by looking at a historical series of data, which is called time series data. For example, such tools may try to predict the future sales of a raincoat by looking only at its previous sales data with the underlying assumption that the future is determined by the past. This approach can struggle to produce accurate forecasts for large sets of data that have irregular trends. Also, it fails to easily combine data series that change over time (such as price, discounts, web traffic, and number of employees) with relevant independent variables like product features and store locations.
Pricing
Free Trial:
Free Trial available.
Integrations
Company Information
Amazon
Founded: 1994
United States
aws.amazon.com/forecast/
Videos and Screen Captures
Forecastr
Be prepared to impress investors & grow faster. Stop guessing, and impress investors with data-driven numbers. Work with experts to build a powerful revenue forecast you can trust. Work with our team of startup finance experts to build a unique financial model that makes sense to you, so you can look great in front of investors and have confidence in your plans. An online financial model, powered by your data to be automated & smart. Use our intuitive UI to build a defensible budget in minutes without writing a single formula. Use our assumptions feature and our simple UI to make changes on the fly. Sync your accounting system like Quickbooks or Xero to pull in your actual expenses and keep your budget dialed in. With the click of a few buttons, you can link your financial model with your accounting system to keep it up-to-date automatically and better predict the future. Pull in your sales pipeline for better short-term predictions.
Learn more
QuotaPath
QuotaPath automates the commission process, building accountability and ownership for revenue teams as they manage and track variable pay. Teams that use QuotaPath gain visibility into commissions and forecasted earnings and see an increase in revenue and quota attainment, as a result. Sync your deal data and immediately feed accurate earnings calculations in the tool. QuotaPath is the only commission tracking software built for all of Sales, Finance, and RevOps.
We’re automating commissions and increasing understanding of complex comp plans to fuel a more efficient and accurate sales process for teams. With CRM and invoicing data syncs and personalized dashboards, reps and leaders gain a deeper understanding of their earnings and more efficient end-of-month process. Forecasting makes it easy to see potential earnings from pipeline deals so reps know where to focus efforts.
Learn more
Smart Inventory Planning & Optimization
Smart Software is a leading provider of demand planning, inventory optimization and supply chain analytics solutions headquartered in Belmont, Massachusetts, USA. Founded in 1981 Smart has helped thousands of customers plan for future demand utilizing industry-leading statistical analytics. Smart Inventory Planning & Optimization (IP&O) is the company’s next-generation suite of native web applications, helping inventory carrying organizations reduce inventory, improve service levels and streamline Sales, Inventory, and Operations Planning.
Smart IP&O, hosted on Amazon Web Services, is a Digital Supply Chain Platform driving three applications: demand planning, inventory optimization, and dashboard reporting. Smart IP&O functions as a transparent extension of our customers’ ERP systems of choice, receiving daily transaction data and returning forecasts and inventory policy values to drive replenishment and production planning.
Learn more
Amazon Timestream
Amazon Timestream is a fast, scalable, and serverless time series database service for IoT and operational applications that makes it easy to store and analyze trillions of events per day up to 1,000 times faster and at as little as 1/10th the cost of relational databases. Amazon Timestream saves you time and cost in managing the lifecycle of time series data by keeping recent data in memory and moving historical data to a cost optimized storage tier based upon user defined policies. Amazon Timestream’s purpose-built query engine lets you access and analyze recent and historical data together, without needing to specify explicitly in the query whether the data resides in the in-memory or cost-optimized tier. Amazon Timestream has built-in time series analytics functions, helping you identify trends and patterns in your data in near real-time.
Learn more
You Might Also Like
From improving customer experience through seamless sign-on to making MFA as easy as a click of a button – your login box must find the right balance between user convenience, privacy and security.
Product Details
Platforms Supported
SaaS
Training
Documentation
Support
Phone Support
Online
Amazon Forecast Frequently Asked Questions
Amazon Forecast Product Features
Sales Forecasting
Competitor Analysis
Correlation Analysis
Dashboard
Exception Reporting
Graphical Data Presentation
Modeling & Simulation
Sales Trend Analysis
Statistical Analysis
Dynamic Modeling
Performance Metrics
