IQ Bot Reviews

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AbhishekChatterjee
Real User
Lead Consultant - Automation at ITC Infotech
Jun 29 2020

What is most valuable?

I would say that the best feature is that it has native automation for the US. At the end of the day, you still have to do the same amount of coding to actually pull that data into your code, but with the automation, you are sending it to part of the same kernel, or the same interface, and that makes it much easier. Because I've seen sometimes that they say that even ABI can go with BPA, at least… more »

What needs improvement?

The first place it could be improved is its price - it is too high. I'm having a lot of difficulties moving it to the customers. If they could fix that it would be awesome. Because the Automation Anywhere is hardware-intensive, it requires other set-ups, a control room, and it's already taking 16 GB of space. Then if I move to IQ Bot, and I have to set up another server for it, it becomes pretty… more »

What other advice do I have?

I would say first to do another determination to see if it's worth it. For example, if you are a banking company and you tell me that I'll have a lot of checks that will need to be verified, I would say that's fine, because the format of the checks will be standard. Although you would have to identify the handwriting. But still, at least the amount of coding is easier. However, if you are doing… more »
Real User
Technical Architect at a computer software company with 10,001+ employees
Feb 23 2020

What is most valuable?

A very important feature is the efficiency with which it was able to categorize the different data types and the format. Also, the OCR was good. The efficiency of the optical connector reader or OCR was good enough for our usage.

What needs improvement?

It's not necessarily the IQ bot but the Automation Anywhere as a whole, I find it slightly complicated to use as compared to a product like Uibot. I would say it's not intuitive from a user standpoint. This leads to a specific specialist to be part of the team to work on it. Because otherwise… more »

Which solution did I use previously and why did I switch?

When I joined this part of the team, they were already using Automation Anywhere. In our previous teams, we were using UI BOT and in fact, in the team that I was working with a few months ago was also using UI bot.

What other advice do I have?

I would say that IQ BOT Automation Anywhere was one of the leaders in the industry. Still is, and I think we initially invested a lot on Automation Anywhere and that's why we continued using it. However, it doesn't mean that Automation Anywhere doesn't have the caliber yet. It has a very strong… more »
Find out what your peers are saying about ABBYY FlexiCapture vs. IQ Bot and other solutions. Updated: September 2020.
437,208 professionals have used our research since 2012.
Real User
RPA Developer at a retailer with 5,001-10,000 employees
Jun 09 2020

What is most valuable?

One of the issues we have is being able to detect a variety of texts or dates that are written differently depending on the invoice, so character recognition, OCR, is a very good feature.

What needs improvement?

The product algorithms could be improved to increase accuracy. We currently need to make regular adjustments, constantly retraining the product to cover all cases.

What's my experience with pricing, setup cost, and licensing?

The licensing cost is higher than a normal or standard license.

What other advice do I have?

I would suggest that if you have a complex process that requires decision making then IQ Bot is an option, but if it's a regular situation where there's no decision making and it's normal automation, then it may not be necessary. It depends… more »

Which other solutions did I evaluate?

We looked at Power Automate as an option. The difference is mostly dependent on the clients' sites. A lot of our clients use Microsoft products and Power Automate integrates well with that. We are still considering the option of using Power… more »
Real User
VP at a manufacturing company with 5,001-10,000 employees
Dec 30 2019

What is most valuable?

The most valuable feature is the intelligence it has with the ability to read the customer sales order and convert it into our own, despite minor changes in format. It is able to intelligently… more »

What needs improvement?

I would like the intelligence to improve so that IQ Bot can handle vastly different formats of documents that we get from the customer, in terms of reading different fields. Having it even more… more »

What's my experience with pricing, setup cost, and licensing?

Pricing is highly confidential because it is something that can be negotiated. The licensing costs are on a yearly basis.

Which solution did I use previously and why did I switch?

We did not previously use another RPA solution.

What other advice do I have?

My advice for anybody who is implementing this solution is to be very sure about how the data is going to be mapped from one business process to the other and how the whole process will work. The… more »

Which other solutions did I evaluate?

We evaluated UiPath but we chose Automation Anywhere and IQ Bot because of the advanced intelligence capability that was promised. This tipped the decision in their favor.
Real User
Sr. Software Engineer at a tech services company with 501-1,000 employees
Jan 31 2020

What is most valuable?

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. I really like the user interface.

What needs improvement?

The price of IQ Bot, packaged with Automation Anywhere, is too expensive for some companies and they will not use it. The price should be lowered.

What's my experience with pricing, setup cost, and licensing?

We are using the Community Edition of Automation Anywhere that includes IQ Bot. The package that includes Automation Anywhere and IQ Bot starts at $10,000 USD.

Which solution did I use previously and why did I switch?

I have tried other options but there were problems with the OCR that caused me to try IQ Bot. We were having trouble reading invoices from the OCR image data.

What other advice do I have?

IQ Bot technology is good and it is a solution that I can recommend for a conventional user. When it comes to people who are from a non-programming background, I think that IQ Bot is fine. There are solutions that require people having… more »
Syed Mohsin Iftikhar
Real User
Senior Software Engineer at Systems Limited
May 11 2020

What is most valuable?

The most valuable feature is the cognitive, self-learning component that understands the undefined templates.

What needs improvement?

A community version of IQ Bot should be released so that more developers can gain experience with using it. It would be helpful if the IQ Bot OCR could be integrated with third-party solutions like FlexiCapture.

Which solution did I use previously and why did I switch?

I have about one year of experience with UI Path but I have not worked on any products that are comparable to IQ Bot.

What other advice do I have?

At this point, IQ Bot has only been running for a couple of months. In time, I will have a better understanding of the product, including its advantages and disadvantages. I would rate this solution a seven out of ten.

Articles

User Assessments By Topic About IQ Bot

Find out what your peers are saying about ABBYY FlexiCapture vs. IQ Bot and other solutions. Updated: September 2020.
437,208 professionals have used our research since 2012.

IQ Bot Questions

What is IQ Bot?

IQ Bot is democratizing dark data processing. IQ Bot is the only AI-based solution that can be easily set up and used by business users to automatically read and process a variety of complex documents and emails, faster. By learning from human behavior, IQ Bot becomes faster and more accurate while reducing setup and operational costs.

IQ Bot customers

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