How to Optimize Demand Prediction with AWS Forecast

What:

Join SoftServe to learn how Amazon Forecast and machine learning (ML) forecasting models helps retailers optimize demand prediction and become more competitive by improving their forecast accuracy—resulting in unlocked capital and increased profit. During the webinar we will discuss how AWS Forecast and machine learning enables retailers to improve sales forecasts, optimize inventory management, automate operational functions, and predict marketing successes. We will also showcase how one of SoftServe’s retail clients successfully unlocked working capital—by decreasing inventory dollars by 12 percent without impacting sales—and optimized demand prediction with an inventory forecasting machine learning model on AWS.

Amazon Forecast is a fully managed service that uses machine learning to deliver highly accurate forecasts. Based on the same technology used at Amazon.com, Amazon Forecast uses machine learning to combine time series data with additional variables to build forecasts. Amazon Forecast requires no machine learning experience to get started.

Agenda:

• Why ML?
• Challenges in demand forecasting
• AWS Forecast Solutions
• Proven ways AWS Forecast improves business outcomes for retailers
• Q&A

When:

November 4, 2020, 1pm CST

Where:

WebEx Digital Event