Reduce Amazon Forecast
costs with these tips

These proven tips can save you up to 30% on AWS costs!

* Savings are averaged out across customers & services

Amazon Forecast cost saving tips Optimize your Amazon Forecast costs with these tips

#1

Delete Unused Models

Review your forecasting models regularly and delete any unused ones. You are charged for active models, so this can reduce costs.

#2

Filter Data Variables

Filter your time-series data to include only most relevant variables. Publishing large amounts of data can increase training costs.

#3

Automatic Model Tuning

Use Amazon Forecast's automatic model tuning to get good results with less effort. This can help optimize costs compared to manual experimentation.

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“We found that our AWS costs were spiraling out of control. Following ElasticScale their advice we were able to save 60% on costs without compromising performance!”

John Schrijvers
John Schrijvers
CEO of Dataswitcher

Other AWS cost saving tips We also have tips for the following AWS services

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About Amazon Forecast Service information & pricing

About Amazon Forecast

Amazon Forecast is a machine learning service for accurate business forecasting. It predicts product demand, optimizes workforce planning, and estimates travel demand. This service leverages time-series analysis for large-scale operations, helping optimize inventory, improve long-term decision-making and enhance customer satisfaction. You can start easily with Amazon Forecast, which is available for a free trial on the AWS Free Tier.

↗ More information on AWS website

Amazon Forecast pricing

Amazon Forecast pricing depends on four factors: data import ($0.088/GB), predictor training ($0.24/hour), forecast data points, and explanations. These last two are tiered based on amount. A free tier is available for the initial two months. AWS Pricing Calculator can help estimate the cost using Amazon Forecast.

↗ More information on AWS website

Customers we've worked for over the years:

Exact Online
Dataswitcher
Airfrance KLM
Troostwijk Auctions
Intuit
mollie