Multimodal Forecasting is the prediction of future states or events by integrating data from multiple input modalities, such as time series, images, text, and sensor streams, within a unified model. By combining complementary sources of information, multimodal forecasting systems achieve greater predictive accuracy than single-modality approaches. Applications include traffic and demand forecasting, weather prediction, financial modeling, and autonomous driving, where contextual signals across data types improve both short- and long-horizon predictions.
Procurement teams lose time and money to inaccurate demand forecasts and manual supplier negotiations. A new framework from NEC Corporation and NEC Laboratories America combines automated negotiation with multimodal AI forecasting to optimize both sides of the procurement process.
Princeton Office
4 Independence Way, Suite 200
Princeton, NJ 08540
+1 609-520-1555
San Jose Office
2033 Gateway Place, Suite 200
San Jose, CA 95110
+1 408-863-6007
NEC Laboratories America, Inc. (NEC Labs) is the US-based center for NEC Corporation’s global network of corporate research laboratories. Our diverse research groups collaborate with industry, academia and governments to provide disruptive solutions to complex problems. A leader in the integration of IT and network technologies with more than 100 years of expertise, NEC provides a combination of products and solutions that cross-utilize the company’s experience and global resources to meet the complex and ever-changing needs of its customers.