Predicting the Future, Amazon Forecast Reaches General Availability

In a recent blog post, Amazon announced the general availability (GA) of Amazon Forecast, a fully managed, time series data forecasting service. Amazon Forecast uses deep learning from multiple datasets and algorithms to make predictions in the areas of product demand, travel demand, financial planning, SAP and Oracle supply chain planning and cloud computing usage. While Amazon Forecasts leverages machine learning within its service, users of the service do not require machine learning expertise. Amazon Forecast was originally announced at re:Invent 2018 and is now available for production use via the AWS Console, AWS Command Line Interface (CLI) and AWS SDKs. The service was conceived as a result of customer demand, since Amazon has extensive experience in forecasting for their own lines of business.