Forescribe Glossary

What is AI Usage Forecaster?

AI Usage Forecaster is a predictive tool that utilizes machine learning to analyze historical usage data of software tools and project future usage trends. This tool forecasts license requirements and usage volumes, providing data-backed insights for smarter resource allocation and budget planning.

Why it Matters

This tool is essential for proactive software management and budget control. Predicting usage trends allows organizations to allocate licenses and resources more efficiently. It prevents both the under-provisioning of necessary licenses (leading to shortages) and over-provisioning (leading to wasted resources). It helps in ensuring that companies are always adequately prepared for future demand while optimizing spending.

Benefits

Predictive Analytics – Uses AI to predict future license needs based on past usage trends.
Cost Optimization – Helps in reducing over-purchasing and unnecessary costs.
Better Resource Planning – Enables better preparation for future demand and optimizes license usage.
Avoids Over-provisioning/Under-provisioning – Predicts exact tool usage to prevent resource waste.