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What is Amazon Timestream?

Amazon Timestream is a fast, scalable, and serverless database solution specifically built for handling time series data, tailored for IoT and operational needs, enabling users to store and analyze trillions of events each day with speeds up to 1,000 times quicker and at a fraction of the cost compared to conventional relational databases. It effectively manages the lifecycle of time series data by keeping the most recent data in memory while transferring older information to a more cost-effective storage layer based on user-defined settings, which results in significant time and cost savings. The service's distinctive query engine allows users to access and analyze both current and historical data seamlessly, eliminating the need to specify the storage tier of the data being queried. Furthermore, Amazon Timestream is equipped with built-in analytics capabilities for time series data, enabling users to identify trends and patterns nearly in real-time, thereby improving their decision-making processes. This array of features positions Timestream as an excellent option for businesses aiming to utilize time series data effectively, ensuring they remain agile in a fast-paced data-driven environment. As organizations increasingly rely on data analytics, Timestream's capabilities can provide a competitive edge by streamlining data management and insights.

What is Amazon Forecast?

Amazon Forecast is an all-encompassing service that employs machine learning to deliver highly accurate forecasting results. In the modern business environment, companies turn to a diverse array of tools, ranging from simple spreadsheets to sophisticated financial planning software, in their efforts to predict future events, such as product demand, resource management, and financial outcomes accurately. These forecasting techniques often rely on historical datasets, referred to as time series data, to inform their predictions. For example, a forecasting application might project the future demand for raincoats based solely on previous sales data, under the assumption that upcoming trends will follow the same trajectory as the past. Nonetheless, this approach can fall short when dealing with large datasets that display unpredictable variations, and it often finds it difficult to accommodate changing data series—such as pricing strategies, promotional offers, website traffic, and workforce numbers—alongside relevant independent factors like product attributes and store locations. As a result, organizations may struggle to generate dependable forecasts in ever-changing circumstances influenced by numerous variables impacting demand and resource allocation. This challenge highlights the importance of adopting advanced forecasting solutions that can adapt to complexity and provide more reliable insights.

Media

Media

Integrations Supported

APERIO DataWise
AWS AI Services
AWS App Mesh
Amazon S3
Grafana
Rackspace Cloud Files
Seeq
TrendMiner

Integrations Supported

APERIO DataWise
AWS AI Services
AWS App Mesh
Amazon S3
Grafana
Rackspace Cloud Files
Seeq
TrendMiner

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Amazon

Date Founded

1994

Company Location

United States

Company Website

aws.amazon.com/timestream/

Company Facts

Organization Name

Amazon

Date Founded

1994

Company Location

United States

Company Website

aws.amazon.com/forecast/

Categories and Features

Sales Forecasting

Competitor Analysis
Correlation Analysis
Dashboard
Dynamic Modeling
Exception Reporting
Graphical Data Presentation
Modeling & Simulation
Performance Metrics
Sales Trend Analysis
Statistical Analysis

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