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What is FUTURE?

FUTURE® emerges as the pioneering adaptable forecasting system for global oil and gas production. This cutting-edge platform is capable of performing comprehensive integrated asset model calculations for large-scale systems in just a few minutes, leveraging daily time-steps that are critical for making short-term predictions. By integrating various overlapping software tools—including the DCA application, IAM software, business planning spreadsheets, and STPF systems—FUTURE® delivers a cohesive solution. Users are empowered to handle all forecasting-related activities through a singular interface, which covers long-term forecasting for business planning and reserves, medium-term forecasting for development strategies and resolving bottlenecks, as well as short-term forecasting vital for production operations. The efficiency gained from this streamlined approach not only simplifies the forecasting process but also reduces the complications that often arise from using multiple distinct software systems. As a result, organizations can achieve more precise predictions and enhance decision-making across various operational levels.

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

AWS AI Services
AWS App Mesh
Amazon S3

Integrations Supported

AWS AI Services
AWS App Mesh
Amazon S3

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

Serafim

Company Website

www.serafimltd.com

Company Facts

Organization Name

Amazon

Date Founded

1994

Company Location

United States

Company Website

aws.amazon.com/forecast/

Categories and Features

Oil and Gas

Compliance Management
Equipment Management
Inventory Management
Job Costing
Logistics Management
Maintenance Management
Material Management
Project Management
Resource Management
Scheduling
Work Order Management

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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