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AI Forecasting

Oracle Cloud Infrastructure (OCI) Forecasting is a fully managed service that uses machine learning and statistical algorithms to deliver highly accurate time series forecasts.

IDC: Enterprise business transformation

Artificial intelligence is rapidly becoming integrated across business functions. IDC explores best practices and recommendations for enterprise AI.

IDC Perspective: Innovation with AI

Discover how to accelerate innovation and create a sustainable competitive advantage with solid data strategy for AI. This IDC report explores the current challenges and provides guidance on putting together a foundational data strategy for AI.

Quick Answer: True return on AI investment?

Discover how to develop a strategic investment model for scaling AI. This Gartner report outlines recommendations for the right AI investment mix and provides a formula for calculating ROI.

How OCI Forecasting works

OCI Forecasting diagram, description below Upload time series data into OCI Object Storage in JSON or CSV format. Generate forecasts, confidence intervals, and explainability using OCI Forecasting. Visualize forecast result insights on the OCI console, Oracle Analytics Cloud, or on your enterprise platform.

Use cases for OCI Forecasting

  • Sales demand forecasting

    Predict how many products a store will sell of each SKU using information such as historical sales, price, discounts, weather, and holidays. This helps ensure better promotion planning and inventory management.

  • Incident or service tickets forecasting

    Predict how many incidents or service tickets will arrive through various channels—such as phone, mail, and SMS text—using historical data, planned releases, service outages, holidays, and more. This helps predict resource utilization and near real-time resource requirements as well as improve customer satisfaction.

  • Capacity planning for compute, storage, and networking

    Predict hardware demand to support procurement, cut costs, and avoid losing customers due to unavailability.

  • Utility forecasting

    Predict utility consumption, including water, electricity, and gas, for commercial and residential buildings at the tenant level to support procurement, save money, ensure efficient budget planning, and reduce waste.

  • Shipment forecasting

    Predict orders and shipments from one city to another for improved logistical planning, transportation decisions, and cost savings.

November 3, 2021

Are you harnessing the power of your time series data?

Akash Srivastav, Principal Product Manager, Oracle

Machine learning has changed the way data is used to predict future trends and opportunities. The new fully managed OCI Forecasting service provides time series forecasts through advanced machine learning and statistical algorithms without the need for data science expertise.

Read the complete post

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Get started with OCI Forecasting

Try Always Free Services and get a 30-day trial

Oracle offers a Free Tier with no time limits on services that include Oracle Cloud Infrastructure Media Streams, Oracle Cloud Infrastructure Media Flow, and Oracle Cloud Infrastructure AI Services as well as US$300 in free cloud credits.

  • What’s included with Oracle Cloud Free Tier?

    • 2 Autonomous Database instances, 20 GB each
    • AMD and Arm Compute VMs
    • 200 GB block storage
    • 10 GB object storage
    • 10 TB outbound data transfer per month
    • More than 10 other Always Free services
    • US$300 in free credits for 30 days

OCI Forecasting beta is available

To participate, sign up for Oracle’s beta program and choose Forecasting LA Beta.

Get hands on today with the OCI Forecasting workshop

Explore forecasting and explainability and learn more about the service for free and without any special allowlist needed.

Use OCI Forecasting to quickly create forecasts for your business

This reference architecture illustrates the relationship of various components with OCI Forecasting at its core. It provides recommendations for additional considerations, such as security, availability, performance, and cost, to build a forecasting environment for any use case.