HyperScience vs IQ Bot comparison

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HyperScience Logo
2,240 views|973 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 HyperScience and IQ Bot based on real PeerSpot user reviews.

Find out in this report how the two Intelligent Document Processing (IDP) solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed HyperScience vs. IQ Bot Report (Updated: March 2024).
768,578 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
"One of the most valuable features of HyperScience is the user-training module. Whenever the extraction takes place, based on the way we have trained HyperScience, it would give us some success status or a certain confidence level. If the solution has processed something that it determined was not extracted correctly it will queue those items for manual review.""Has algorithms that can detect a document template even if the image has a lot of distortions.""We have seen pretty good accuracy.""Valuable features include tools like IQ Bot and the ability to extract handwritten documents with 93-95 per cent accuracy.""I like that compared to other tools, HyperScience works best with handwritten documents.""It provides the best accuracy for handwritten forms, which is a struggle in the industry. You can take processes with a lot of manual work and streamline them through this tool.""What I liked more about HyperScience was the quality of the OCR it is a lot better compared to Google."

More HyperScience Pros →

"Training the model is very simple with IQ Bot's technology. It requires providing several examples of the type of document you want to evaluate. IQ Bot already has a built-in taxonomy, which is like a dictionary of elements commonly found in certain types of documents. For example, when evaluating an invoice, you will find elements, such as "total," "item descriptions," and "shipped to." This pre-existing taxonomy greatly speeds up the training process as it provides a starting point and structure, rather than starting from scratch.""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.""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.""The valuable feature of IQ Bot is the AI functionality.""IQ Bot is a useful and easy-to-use tool.""The initial setup is easy.""The flexibility to deploy based on the different types is the most valuable. We can deploy pieces of the program directly over the fields. We can also directly connect with databases. We can modify it and make different connections with the database. We are also able to programmably modify the fields and change the presentation and values or evaluate a list of values. We can change the values on the fly. It is very flexible and very easy to use and learn. It is also very simple.""The best feature is that we can extract data from an image. That's why Automation Anywhere implemented IQ Bot. Otherwise, you cannot extract data from an image. Nowadays, every industry is scanning invoices and uploading them to some website or storing them on some shared drive. IQ Bot can do data extraction from the PDF format and the JPG format."

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Cons
"The solution lacks support for a greater range of languages.""Extracting tables from certain documents could be improved.""No solution is perfect and there are several different scenarios that could be improved in HyperScience. One area is where there are multiple tables in the same form I have seen HyperScience struggle. There is some issue with supporting the extraction from multiple tables involved on the same form. If this could improve, it would be a big benefit.""The product's usability could be better. The first pain point is that we're getting the output in a different format, and we were expecting a different timetable. The second point is that if you want better results, HyperScience says you have to configure a minimal PDF or a maximum of 400 PDFs. If you want results with 400 PDFs for what's written by these doctors, then you also configure the maximum of 400 templates for that. So, it's essentially a lack of support from HyperScience. In the next release, it would be better if failure scenarios were reduced. It would also help if they offered different formats, inputs or injections, and added different scenarios.""HyperScience could improve the unstructured data extraction feature.""They could work on the price and make it a bit more reasonable.""HyperScience has less capability while working on unstructured forms. Unstructured forms are those where there is no standard structure and the information can be anywhere on the form. They need to develop this capability."

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"The first place it could be improved is its price - it is too high. I'm having a lot of difficulty moving it to the customers.""There are issues with the technology identifying a signature.""The way this solution creates invoices can be improved. It is slow. Sometimes, it is also very complicated because you need to apply some kind of filters and effects over the images, which makes it a little bit complicated. They can reduce the complexity to manage the fields or incorporate other features. They can provide an easy way for developers to customize and program fields. The accuracy of the OCR engine can be improved. It would be great if they can also provide an ICR engine and an option to choose between OCR or ICR.""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.""Machine learning capabilities would be beneficial to have.""It's not intuitive from a user standpoint.""It would be helpful if the IQ Bot OCR could be integrated with third-party solutions like FlexiCapture.""We don't get any kind of technical support or training for IQ Bot. There's a total lack of communication from them."

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Pricing and Cost Advice
  • "I think HyperScience is cheaper when compared to other tools. They also have a lifetime licensing option."
  • "I don't have any idea about the licensing costs, but I know that there was a per-page charge. They had different models of pricing. One of them was based on the minimum number of pages, and we had a fixed price. So, the price model depends on the volume that is coming through HyperScience."
  • More HyperScience Pricing and Cost Advice →

  • "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."
  • More IQ Bot Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:It provides the best accuracy for handwritten forms, which is a struggle in the industry. You can take processes with a lot of manual work and streamline them through this tool.
    Top Answer:I don't have any idea about the licensing costs, but I know that there was a per-page charge. They had different models of pricing. One of them was based on the minimum number of pages, and we had a… more »
    Top Answer:We tested HyperScience on structured formats of the forms, and it worked really well. We tested it with semi-structured formats, and it worked well. We also tested creating a new form that does not… more »
    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
    2,240
    Comparisons
    973
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    5
    Average Words per Review
    640
    Rating
    7.6
    Views
    6,700
    Comparisons
    633
    Reviews
    24
    Average Words per Review
    507
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    7.5
    Comparisons
    Learn More
    Overview

    HyperScience is a cloud-based input-to-output platform that automates document-based workflows and extracts data for analysis from both physical and digital documents.

    The HyperScience platform simply integrates with your current business systems thanks to an open API, an intuitive UI, and pre-trained models, resulting in a totally automated digital workflow.

    The classic scanning paradigm has been reimagined by HyperScience; it has replaced the need for human verification with intelligent technology that learns as it goes. The solution automates previously manual operations using a simple model-based solution or from the ground up, saving time and resources that can be redirected to more strategic efforts. The platform has a minimum accuracy of 75% when it is first installed, but it can exceed 99% accuracy in a matter of weeks.

    With out-of-the-box and customizable tasks, workflows, and connectors, the solution automatically connects into your document workflows. HyperScience, which is powered by industry-leading machine learning, makes it simple to get from input to actionable data.

    HyperScience Benefits

    There are many benefits to implementing HyperScience. Some of the biggest advantages the solution offers include:

    • Automation: With automation, users can save 89% of the time they would have spent doing things the old way. Businesses are able to save money in this way.
    • Risk mitigation: The number of human errors can decrease by 67%. Users can benefit from straight-through processing at 94% with 99% data accuracy.
    • Speed: Some users see 75-95% automation out of the box and a 4-5x improvement in throughput.

    HyperScience Features

    HyperScience has many valuable key features. Some of the most useful ones include:

    • Simplify document processing: Convert unstructured text into actionable data that can be utilized to speed up and improve the accuracy of downstream processing. Set your target accuracy rates, and our machine will automate them using our patented machine learning technology.
    • Flow Studio: For your document-intensive tasks, pre-built or easily configurable corporate automation solutions are available. Flows, which are the organized execution of Blocks that represent your business processes, are put together to construct end-to-end solutions for certain use cases or industries. All Flows are displayed in HyperScience's Flow Studio, where end-to-end document processing solutions can quickly inspect and modify Flow and Block settings.
    • Blocks: The HyperScience Platform is built on modular Code Blocks. These help you to create the best document processing solution for your customers thanks to built-in machine learning. Code Blocks are components that can be developed and deployed by business users individually. Code Blocks help you to quickly assemble the workflows and processes that best meet your document processing needs.
    • Connectivity and integration: To ensure the accuracy of your retrieved data, the HyperScience platform readily connects to systems of record and other platforms. Integrate with other systems in your environment during document processing to leverage external data for further automation and decision-making.
    • Granular reporting: You can see exactly how your automation enhances the customer experience, which staff are the most efficient and consistent, and where bottlenecks in your document processing are, thanks to built-in, real-time reporting.
    • Human supervision: HyperScience equips humans with a streamlined task queue and easy-to-use interface designed to empower your teams, not slow them down.

    Reviews from Real Users

    HyperScience stands out among its competitors for a number of reasons. Two major ones are its robust user-training module and its accuracy with handwritten documents. PeerSpot users take note of the advantages of these features in their reviews:

    One PeerSpot reviewer, a Lead Analyst at a financial services firm, writes, “One of the most valuable features of HyperScience is the user-training module. Whenever the extraction takes place, based on the way we have trained HyperScience, it would give us some success status or a certain confidence level. If the solution has processed something that it determined was not extracted correctly it will queue those items for manual review.”

    Yogesh S., OCR Developer at a tech vendor, notes of the solution, “I like that compared to other tools, HyperScience works best with handwritten documents.” He adds, “We're automating invoices and some handwritten filled-out documents. We can automate with accuracy, and even though we used HyperScience initially for selling purposes and as a comparison tool, we're now getting these results with HyperScience.”

    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
    Hyperscience's customers are some of the top enterprises in the Insurance, Government, Financial Services, and Healthcare industries.
    Synergy
    Top Industries
    VISITORS READING REVIEWS
    Computer Software Company16%
    Financial Services Firm12%
    Insurance Company9%
    Government7%
    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
    REVIEWERS
    Large Enterprise100%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise13%
    Large Enterprise69%
    REVIEWERS
    Small Business26%
    Midsize Enterprise17%
    Large Enterprise57%
    VISITORS READING REVIEWS
    Small Business28%
    Midsize Enterprise16%
    Large Enterprise56%
    Buyer's Guide
    HyperScience vs. IQ Bot
    March 2024
    Find out what your peers are saying about HyperScience vs. IQ Bot and other solutions. Updated: March 2024.
    768,578 professionals have used our research since 2012.

    HyperScience is ranked 5th in Intelligent Document Processing (IDP) with 7 reviews while IQ Bot is ranked 2nd in Intelligent Document Processing (IDP) with 48 reviews. HyperScience is rated 7.6, while IQ Bot is rated 7.6. The top reviewer of HyperScience writes "It has a lot of functionality, whatever we use, but a few things could be improved". On the other hand, the top reviewer of IQ Bot writes "User-friendly and code reusability feature for efficient utilization of existing code repositories". HyperScience is most compared with ABBYY Vantage, UiPath, Instabase, Microsoft Power Automate and Tungsten RPA, whereas IQ Bot is most compared with ABBYY Vantage, UiPath Document Understanding and IBM Datacap. See our HyperScience vs. IQ Bot report.

    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.