HOW OMNYS CAN BOOST YOUR BUSINESS WITH AMAZON FORECAST

We started using Amazon Forecast when it was released as a public beta and after just a few days we realized that this service can really allow us to build forecasting models with a very high accuracy and in a very short time. By applying Amazon Forecast to some different real-life scenarios, we were able to get accuracy levels higher than 90%, with heterogeneous time series gathered from different sources which were often dirty or incomplete.
As an example, we built predictors for energy consumption forecasting by combining energy usage and weather historical data and for detecting outages of IoT connected devices well in advance compared to the traditional monitoring methods.

ABOUT AMAZON FORECAST

Amazon Forecast is a fully managed service that uses machine learning algorithms to deliver highly accurate forecasts. Thanks to this service OMNYS can achieve forecasting accuracy levels that usually would take months of engineering in as little as a few hours.

Omnys company

BENEFITS

HIGHER ACCURACY WITH MACHINE LEARNING

Uses ML to automatically discover patterns among data which could be apparently unrelated.

REDUCED FORECASTING TIME

Can achieve in hours, forecasting accuracy levels that usually require months.

USED TO FORECAST ANYTHING

Can be applied to time series from any industry (retail, finance, pharma, manufacturing, telco, etc.).

SECURE DATA

All data and contents processed are protected and encrypted by default.

REFERENCE IMPLEMENTATION

Aws architecture

OMNYS PARTNER OF

Amazon Forecast

HOW OMNYS CAN BOOST YOUR BUSINESS WITH AMAZON FORECAST

We started using Amazon Forecast when it was released as a public beta and after just a few days we realized that this service can really allow us to build forecasting models with a very high accuracy and in a very short time. By applying Amazon Forecast to some different real-life scenarios, we were able to get accuracy levels higher than 90%, with heterogeneous time series gathered from different sources which were often dirty or incomplete.

As an example, we built predictors for energy consumption forecasting by combining energy usage and weather historical data and for detecting outages of IoT connected devices well in advance compared to the traditional monitoring methods.

ABOUT AMAZON FORECAST

Amazon Forecast is a fully managed service that uses machine learning algorithms to deliver highly accurate forecasts. Thanks to this service OMNYS can achieve forecasting accuracy levels that usually would take months of engineering in as little as a few hours.

AMAZON FORECAST BENEFITS

HIGHER ACCURACY WITH MACHINE LEARNING

Uses ML to automatically discover patterns among data which could be apparently unrelated.

USED TO FORECAST ANYTHING

Can be applied to time series from any industry (retail, finance, pharma, manufacturing, telco, etc.).

SECURE DATA

All data and contents processed are protected and encrypted by default.

REDUCED FORECASTING TIME

Can achieve in hours, forecasting accuracy levels that usually require months.

REFERENCE IMPLEMENTATION