Amazon Forecast vs. DataRobot

I personally get the feeling that Amazon Forecast must have been a direct product released on the models Amazon themselves must have used at some port. Amazon Forecast definitely shines when using it for product demand, inventory, and pricing throughout store locations, etc. Everything, including data-set importing, works best in this context. When applying it to more edge cases like resource planning around events, it can be a bit more tricky to apply effectively.

Incentivized

DataRobot can be used for risk assessment, such as predicting the likelihood of loan default. It can handle both classification and regression tasks effectively. It relies on historical data for model training. If you have limited historical data or the data quality is poor, it may not be the best choice as it requires a sufficient amount of high-quality data for accurate model building.

Incentivized

• Develop benchmarks for use in future forecast.
• Performs contingency planning during challenging financial times.
• Anticipate the impact of new expanse.

Incentivized

• The breadth of models available to use is helpful and allows much more analytical power than programming them all yourself.
• The built-in variable diagnostics are helpful when testing large variable sets to see which perform the best.
• Many of the adjustments on the models are easy to use/it's easy to re-run and kick off new models as you want to try new things.

Incentivized

• Potential very high costs
• Predicting ongoing running costs
• Very product focused

Incentivized

• Further improvements to their text analysis tool, to be more like the Qualtrics text analysis tool, would be a great addition. Qualtrics has templates built into their text analysis tool for customer service, quality control, etc, and will automatically slot your text responses into categories associated with certain sub areas of those larger categories.

Incentivized

DataRobot presents a machine-learning platform designed by data scientists from an array of backgrounds, to construct and develop precise predictive modeling in a fraction of the time previously taken. The tech invloved addresses the critical shortage of data scientists by changing the speed and economics of predictive analytics. DataRobot utilizes parallel processing to evaluate models in R, Python, Spark MLlib, H2O and other open source databases. It searches for possible permutations and algorithms, features, transformation, processes, steps and tuning to yield the best models for the dataset and predictive goal.

Incentivized

As I am writing this report I am participating with Datarobot Engineers in an complex environment and we have their whole support. We are in Mexico and is not common to have this commitment from companies without expensive contract services. Installing is on premise and the client does not want us to take control and they, the client, is also limited because of internal IT regulations ,,, soo we are just doing magic and everybody is committed.

Incentivized

There was no other product or service that was considered before making the choice to go with Amazon Forecast as the forecasting that the company was looking for had everything running in the AWS environment, the choice had to be obvious. Integrating with Amazon Forecast also ensured that everything is under a single roof and we didn't have to go multiple places looking for data when needed.

Incentivized

I've done machine learning through python before, however having to code and test each model individually was very time consuming and required a lot of expertise. The data Robot approach, is an excellent way of getting to a well placed starting point. You can then pick up the model from there and fine tune further if you need.

Incentivized

• Insights have been available much more quickly and well designed manner
• Integration with other tools has been flawless

Incentivized

• We have been able to cut costs by not buying leads that we will not be able to sell on
• We have been able to deploy loan eligibility reporting which brought in new business
• We have been able to improve the performance of our credit providers and our partners which has helped to retain business

Incentivized