Automation Hero vs IQ Bot comparison

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Automation Hero Logo
232 views|92 comparisons
100% willing to recommend
Automation Anywhere Logo
6,700 views|633 comparisons
89% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between Automation Hero and IQ Bot based on real PeerSpot user reviews.

Find out what your peers are saying about ABBYY, Automation Anywhere, UiPath and others in Intelligent Document Processing (IDP).
To learn more, read our detailed Intelligent Document Processing (IDP) Report (Updated: April 2024).
768,857 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Dashboard is good and the product doesn't require coding."

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"The extraction feature is the most valuable one of IQ Bot.""The most valuable feature is the cognitive ability, as it will learn an interface that it is not familiar with and perform in the way that a human does.""The way that the learning combines with the OCR is the solution's most valuable aspect.""IQ Bot is a useful and easy-to-use tool.""Whenever we want to create something from the previous documents or images, the OCR feature enables us to do that job easily.""The most valuable feature of IQ Bot is the Discovery Bots. They can detect and analyze for improvements.""The ease that it provides in extracting vendor invoices, without having to configure them, was the reason for which we had gone with a solution.""IQ Bot has the capability to identify changes and remap its settings accordingly. It also has the ability to learn."

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Cons
"Lacks sufficient keywords and templates."

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"I've used versions 11 and 2019 of this solution. The problem with version 11 is integration. When you are using a conventional bot and you try to use IQ Bot development, you don't have a specific feature for integrating these two pieces or components of Automation Anywhere. I was seeing some issues while trying to, for example, send some PDF to an IQ Bot processor and get a response for that process. So, there is a problem with integrating the conventional task automation and IQ Bot in version 11. In contrast, version 2019 already has the integration feature, and we can easily integrate two components. There are some features that must be there in version 11 but are currently missing. There is no total control over some features in IQ Bot. Some variables cannot be parametrized when using IQ Bot directly. The AI features that IQ Bot has must be more open to being parameterized by the user. It would be good if Automation Anywhere exposed some parameters so that I can adjust them as a customer. This is an improvement that Automation Anywhere can do. I would like to see some features related to deep learning in the next releases of IQ Bot. These will be some interesting features to see.""I would like love to see pre-trained models based on industries.""The percentage of accuracy is very low. When I put documents in IQ Bot and the document format gets changed, IQ Bot puts that in the validation queue. If you are uploading 100 documents, the IQ Bot accepts only 60 documents. 40% or 30% of documents go to the validation queue. Accuracy is way low. They need to improve their accuracy level. It should be at least 90%.""The user should be able to update the data libraries.""Migrating from the previous version to the current version is a little tricky.""When you update to a new version, you have to migrate your applications. That should be automated because it should not affect your ability to complete the task. If the version of the application changes, then you need to automate some part of that again.""There's still room for improvement in IQ Bot because sometimes, my team has certain types of PDFs that need to be grouped, for example, five types of videos need to be sorted to get data, but it was impossible to do in the solution. There's even an instance when I'm extracting data, for example, the invoice numbers, and I trained IQ Bot to do the extraction just for the invoice numbers, but it failed to do it. There could be some exceptions that the product developer is working on, but it could take time because sometimes IQ Bot works, and sometimes it doesn't, so the error isn't because of the developer. The error lies with the system. Another area for improvement in the solution is that during installation, it makes your machine drastically slow. It requires you to have RAM of 16 GB and a 500 GB hard disk, but that's still not enough. Slow downloading is also an area for improvement in IQ Bot because whenever you try to execute bots around 20MB to 100MB, for example, that will be downloaded from the cloud to local machines, and this process could take between seven to eight minutes, and this could be frustrating especially when you're trying to showcase it to a customer. Bot downloading into a local machine shouldn't be taking more than five minutes because it's embarrassing in front of clients. It's good that Automation Anywhere provides a cloud version for IQ Bot, but if you're unable to execute it fast, then that's not very good. I was working for one client in Brazil and there was a time I was showing the bot to them and it was taking around seven minutes to get downloaded on the local machine, and I even tried to connect with the support team, but that still didn't get me anywhere. If you're working on some code and you're executing a bot, you need to change one line and the bot will download completely, so it should be pipeline or SVN or Git. If you've downloaded a 50MB bot, you just change one variable name, but then you have to download the 50MB code again, and it makes you wonder why you need to download the complete code. You have to double-check if you already have the code in your folder, and why would you need to download it again. Only one line should be changed for the download time to decrease drastically, but right now, you need to be downloading the code completely, so if you're executing a 100MB bot fifty times, then that means it will be downloaded fifty times as well. IQ Bot is not a straightforward solution, so my team is struggling with it. Currently, my company has been doing some R&D about the solution, and it has several main problems that need to be addressed. What I'd like to see in the next version of the solution is support for unstructured PDFs because currently, it's a very good solution for structured PDFs.""The solution's predictive model can be improved in terms of accuracy."

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Pricing and Cost Advice
Information Not Available
  • "Pricing is highly confidential because it is something that can be negotiated."
  • "The package that includes Automation Anywhere and IQ Bot starts at $10,000 USD."
  • "The pricing is complicated but I wouldn't say that they are expensive."
  • "It has an average cost."
  • "There are others like Automation Anywhere offering similar kinds of bots for less. Most of the platforms are the same, and most of the features are the same, but not the licensing cost."
  • "It's expensive."
  • "There are more affordable solutions than this."
  • "I feel that the price of IQ Bot could be lower."
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    Questions from the Community
    Top Answer:Dashboard is good and the product doesn't require coding.
    Top Answer:I think the product lacks sufficient keywords and templates, and increasing that would reduce the need to input a lot of field names. The data input process has to be easier, and it needs to… more »
    Top Answer:Our use case of this product is for invoice processing. We tested it on a small project to get a comparison with UiPath. I am a user of this product and an intern in the company.
    Top Answer:My answer is going to a bit different as I am a business user with limited programming skills 1.  Software costs including recurring fees are very important.  Automation Anywhere wants to charge a… more »
    Top Answer:IQ Bot is relatively easy to use and develop.
    Top Answer:IQ Bot is expensive compared to other solutions. On a scale from one to ten, where one is cheap and ten is expensive, I rate the solution's pricing a seven out of ten.
    Ranking
    Views
    232
    Comparisons
    92
    Reviews
    1
    Average Words per Review
    537
    Rating
    7.0
    Views
    6,700
    Comparisons
    633
    Reviews
    24
    Average Words per Review
    507
    Rating
    7.5
    Comparisons
    Learn More
    Overview

    Drive your digital transformation with an all-in-one platform that adds intelligence to automation and makes it more easily accessible. There's no limit to what you can automate. 

    Discover

    Go beyond traditional process mining. In addition to visually mapping the largest and most complex processes, turn your historical process data into an AI model to predict and test potential outcomes. You can also monitor and measure your improvements in real time. Imagine training your AI model with the wisdom of your company experts.

    Build

    Your teams can directly build intelligent automations for the challenges they face every day, without writing a single line of code. An accessible point-and-click interface makes it easy, transparent, and fast with built-in orchestration at no extra charge.

    Integrate 

    Work with all of your important data by easily connecting to internal and external data sources with pre-built connectors (or via API).

    Empower

    Do-it-yourself AI lets you add intelligence to your automations at any step without relying on advanced data science resources. Combining pre-templated complex AI models -- Intelligent OCR, Classification and Extraction -- with your domain-specific knowledge creates an unparalleled super intelligence. Immediately deploy, get feedback and optimize.

    Interact

    Attended and unattended automations are available. Attended can be delivered via customizable notifications within any preferred workflow. This modern approach ensures the best possible outcomes by combining AI with your human expertise at the right place and time. A continuous feedback loop between human input and AI models improves model quality.

    Analyze

    Track the performance of automations visually in detail-rich customizable dashboards.

    Inspire

    Explore pre-templated automation examples to get you started or learn what’s possible from real customer use cases.

    Deploy

    You can deploy the Hero Platform_ in a single-tenant environment in the cloud.

    What is IQ Bot?

    IQ Bot is a leading, highly-regarded next-generation Intelligent Document Processing (IDP) solution and part of Automation Anywhere, which is the industry leader in the Robotic Process Automation (RPA) marketplace.

    IQ Bot utilizes various AI technologies, such as fuzzy logic, machine learning ( ML), computer vision, optical character recognition (OCR), and natural language processing (NLP) coupled with the strength of RPA to instantly identify, export, and authenticate information from various business documents, such as emails, invoices, receipts, charts, and more. This process is known as Intelligent Document Processing (IDP). IDP is an integral part of today’s business process. IDP and RPA work together to create an effective necessary tool to fully automate and streamline enterprise business processes.

    The basic functions of an effective IDP solution are as follows:

    • Initialization: Business documents generally have varying levels of quality, which can have adverse effects on the data extraction process. Initialization will take appropriate steps to ensure documents are “repaired” by utilizing various methods to improve the overall document quality.

    • Categorization: Often, business documents contain numerous pages with several different types of documents, such as invoices, receipts, applications, etc. These all need to be properly categorized and classified.

    • Extraction: Generally, an IDP solution has pre-set protocol templates that can be populated with the exact field for extraction. The appropriate information is extracted from the documents and then the accuracy of the extracted information is confirmed.

    • Post-Processing: The final step sends the data through a process of protocol checks to help improve the overall AI procedures and improve future results. These could be automated processes or human interaction to better facilitate continued learning and improved processes as time goes on.

    IQ Bot is an intuitive, intelligent, next-gen bot solution that uses multiple cognitive capabilities and is able to learn easily and rapidly from human behavior to become faster and incredibly accurate with every progressive cycle. IQ Bot integrates well with other third-party cognitive solutions, like Watson. With effective training, IQ Bot can also accurately recognize handwritten documents. IQ Bot is very easy to configure and is extremely cost-effective. Finally, IQ Bot has both on-premises and cloud options for flexible seamless deployment, lower TCO, and a quickly realized ROI. IQ Bot is the intelligent digital workforce solution for today’s enterprise business needs.

    Reviews from Real Users

    Vikas K., CFO at Travel Food Services ltd, relates, "The extraction feature is the most valuable one of IQ Bot."

    Celestine, Director Intelligent Automation at a tech services company, tells us, "The ability to train itself is a good, valuable feature. It is one of the most stable RPA products at present. Installation is easy for IQ Bot, and they provide good technical support."

    German C., PMO Manager (Peruvian Branch) at Globalhitss, says, "It is very easy to set up and use this tool to get information from documents. It can get the information about the purchase order number, average, description of purchase orders in several formats without any problem."

    Sample Customers
    Information Not Available
    Synergy
    Top Industries
    No Data Available
    REVIEWERS
    Computer Software Company46%
    Manufacturing Company14%
    Performing Arts7%
    Outsourcing Company7%
    VISITORS READING REVIEWS
    Computer Software Company15%
    Manufacturing Company11%
    Financial Services Firm9%
    Comms Service Provider7%
    Company Size
    No Data Available
    REVIEWERS
    Small Business26%
    Midsize Enterprise17%
    Large Enterprise57%
    VISITORS READING REVIEWS
    Small Business28%
    Midsize Enterprise16%
    Large Enterprise56%
    Buyer's Guide
    Intelligent Document Processing (IDP)
    April 2024
    Find out what your peers are saying about ABBYY, Automation Anywhere, UiPath and others in Intelligent Document Processing (IDP). Updated: April 2024.
    768,857 professionals have used our research since 2012.

    Automation Hero is ranked 13th in Intelligent Document Processing (IDP) with 1 review while IQ Bot is ranked 2nd in Intelligent Document Processing (IDP) with 48 reviews. Automation Hero is rated 7.0, while IQ Bot is rated 7.6. The top reviewer of Automation Hero writes "Good dashboard with easy tracking feature; lacks sufficient templates". On the other hand, the top reviewer of IQ Bot writes "User-friendly and code reusability feature for efficient utilization of existing code repositories". Automation Hero is most compared with , whereas IQ Bot is most compared with ABBYY Vantage, UiPath Document Understanding and IBM Datacap.

    See our list of best Intelligent Document Processing (IDP) vendors.

    We monitor all Intelligent Document Processing (IDP) reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.