Amazon Forecast now uses Convolutional Neural Networks (CNNs) to train forecasting models up to 2X faster with up to 30% higher accuracy

By GIXnews

Amazon Forecast uses machine learning to generate accurate demand forecasts, without requiring any prior ML experience for inventory planning, workforce planning, energy demand forecasting and cloud infrastructure usage forecasting. This technology has been developed from over 20 years of forecasting at Amazon Forecast is a fully managed service, so there are no servers to provision, and no machine learning models to build, train, or deploy.

Source:: Amazon AWS