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How-To Achieve an Improved Business Performance with Forecast AI

Project & Resource Management is foundational to running great projects. You need somebody to establish common ground and lead the team in the right direction. You need somebody to plan and schedule resources, and assign those resources to the right projects and tasks. Having your projects and resources aligned is exactly why having a proper project management and resource management practice in place is paramount to business performance, profitability, and a thriving work environment.

These are both fields with long histories, lists of methodologies, and opinions on how to run a team best possible. No matter your preference of Agile or Waterfall, and subcategories of each, we thought Project Managers could need a little extra help. That's why we built Forecast.

Forecast is an AI-powered Project & Resource Management platform built to make life easier for team members across an organization, thereby increasing business performance, and eventually directly influencing your bottom line. It's a collaborative environment with unique features assisted by AI. The system was built from the ground up to emphasize the benefits of implementing AI in your workflow, projects, and business. Forecast learns from experience across your organization to improve time estimations, labeling, etc. The Forecasted time estimates are used for scheduling and budgeting. It will thus give you a more accurate look at how your projects are performing, and if not well, show you where and help you get back on-track.

Learning from your data and others, the algorithms are continuously improved to assist you even better from day-to-day. To give you a concrete example, when doing time estimates in Forecast, you specify a high and a low estimate, you assign one or more team members to the task, you write a description, and define other descriptors such as labels. Analyzing this data in an instant, Forecast is able to provide you with a more accurate estimate of the time needed to complete the task. The AI is using some of all of this data, combined with previous data inputs from other tasks and projects, to make a more reliable estimate. This estimate is then applied across the system to present a more realistic view on your budgets and available resources.

The beauty of Forecast is really the simplicity, flexibility, and interconnectivity of the platform. Everything is linked together, simply because a change in your estimates naturally has a direct impact on your budgets, scope, timeline, and resources. Through the implementation of an open API and a wide array of native one-click integrations, Forecast is not only leveraging intelligence from within, but also by connecting with other tools you may already be using. Ultimately, Forecast will function as your hub for the interconnected one-truth on your business insights, projects, and resources.

Meet our Team: Julie

Hi I’m Julie, I’m from Copenhagen, Denmark and I just started as an UX Design intern here at Forecast, which I am very excited about. I’m currently studying E-Design at KEA where I’ll finish this summer.

Meet our Team: Jacek R.

The Forecast team is getting bigger and bigger. We're happy to announce that Jacek is joining as part of our commercial team. As we tend to do; we asked him a few questions...

Case Study: Bespoke

Bespoke is a Strategic Foresight & Experience Design company based in the heart of the creative scene of Copenhagen, Denmark. Currently, working with major international clients like IKEA, Electrolux, some EU projects, and recently began expanding to other markets like Japan and Germany.

Meet our Intern - Morgane

Briefly describe yourself and where you're from, what you do/role/study etc

My name is Morgane, I’m 21 and I was born in Canada, but I’ve been living in France since I was 2. In France, I study Finance at the Graduate School of Management. I also have a student job in a student bar, where I really enjoy working. I’m now doing an internship at Forecast for 3 months.

Meet our Intern - Jacek

Briefly describe yourself and where you're from, what you do/role/study etc.

My name is Jacek and I am from Poland. I study Web Development at Københavns Erhvervsakademi and currently I am in the middle of doing an internship at Forecast.

The Key to a Thriving Startup Environment

Something is awesome in the state of Denmark…

Forecast is now VC-funded

We’re delighted to announce that Forecast is now funded by the venture capital firm, SEED Capital. SEED Capital is the largest early-stage venture fund in Denmark with a unique focus on technology, and medtech companies. Earlier investments include, Trustpilot, Endomondo, Vivino and others. Besides being our great investor, SEED Capital will also act as our advisor on major business decisions. Thus, we can join forces and sail this ship together.

New Offices in Central Copenhagen

We’re delighted to announce that Forecast will be moving to new, and bigger offices in the central part of Copenhagen. The offices are fully equipped, newly refurbished facilities and ready for our team. In this regard, Forecast is also expanding in terms of the team with new full-time positions. See open positions.

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