Forecasty.AI

Raw material price and demand fluctuations have significant impact on the bottom line of firms operating in manufacturing sector. Majority of firms still rely on gut-feeling while making multi-million dollar decisions. Primary reason for this problem is that they do not have access to easy to use data-driven decision making solutions or top data science talents. Our robust NoCode AI platform democratizes the power of AI/ML in enabling manufacturing firms leverage state of the art AI to take profitable business decisions in strategy, supply chain and in procurement functions. Forecasty.AI offers three NoCode AI products: 1. "Commodity Desk" enables procurement managers with real-time raw material price information and off-the-shelf AI-based forecasts that takes into account multiple indicators to take smarter and profitable purchasing decisions. 2. "Demand Desk" enables demand planners with accurate demand forecasts at different aggregation levels of the product taking into account the effect of different events such as weather. 3. "Business Desk" is a self-service NoCode AI product that allows data analysts to upload data, combine indicator data and generate high quality forecasts in minutes, without having to write a single line of code Our NoCode products leverage temporal and causal relationships, and uses advanced multi-variate time-series AI/ML which take in multiple driver variables to predict the target variable Forecasty’s product suites are built on: 1. Own proprietary cloud infrastructure platform, proprietary time-series models based on curated repository of price drivers for commodities vetted with experts 2. Automated no-code forecasting at scale, taking into account industry expertise from BASF and outside including multiple different variables & understanding the complex underlying patterns to predict prices 3. Correct identification of relevant drivers of prices, prediction of the turning points & enabling the users to simulate scenarios