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Helped 838,858 peers since 2012

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IQ Bot mindshare

As of February 2025, the mindshare of IQ Bot in the Intelligent Document Processing (IDP) category stands at 2.5%, down from 5.1% compared to the previous year, according to calculations based on PeerSpot user engagement data.
Intelligent Document Processing (IDP)

PeerAnalyst reports

TypeTitleDate
CategoryIntelligent Document Processing (IDP)Feb 25, 2025Download
ProductReviews, tips, and advice from real usersFeb 25, 2025Download
ComparisonIQ Bot vs ABBYY VantageFeb 25, 2025Download
ComparisonIQ Bot vs UiPath Document UnderstandingFeb 25, 2025Download
ComparisonIQ Bot vs OpenText Intelligent CaptureFeb 25, 2025Download
Suggested products
TitleRatingMindshareRecommending
ABBYY Vantage4.018.9%92%50 interviewsAdd to research
HyperScience3.87.7%100%7 interviewsAdd to research
 
 
Key learnings from peers

Valuable Features

Room for Improvement

ROI

Pricing

Popular Use Cases

Service and Support

Deployment

Scalability

Stability

Review data by company size

By reviewers
By visitors reading reviews

Top industries

By visitors reading reviews
Computer Software Company
16%
Manufacturing Company
11%
Financial Services Firm
8%
Educational Organization
6%
Government
6%
Non Profit
5%
Healthcare Company
5%
University
4%
Media Company
4%
Insurance Company
3%
Comms Service Provider
3%
Pharma/Biotech Company
3%
Real Estate/Law Firm
3%
Logistics Company
3%
Energy/Utilities Company
3%
Retailer
2%
Legal Firm
2%
Transportation Company
2%
Engineering Company
2%
Construction Company
2%
Wholesaler/Distributor
1%
Consumer Goods Company
1%
Hospitality Company
1%
Performing Arts
1%
Recreational Facilities/Services Company
1%
Marketing Services Firm
1%
Non Tech Company
1%

Learn more about IQ Bot

IQ Bot customers

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IQ Bot reviews

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Neethushree S - PeerSpot user
QA in RPA at Merck Group
Verified user of IQ Bot
Jun 6, 2023
User-friendly and code reusability feature for efficient utilization of existing code repositories

Pros

"IQ Bot is quite user-friendly. And the drag-and-drop option is there, which makes the developer more comfortable."

Cons

"Building IQ bots is time-consuming. Initially, script-wise, it would take a lot of time and also the testing of testing part of it. "
VK
CFO at Travel Food Services ltd
Verified user of IQ Bot
May 25, 2021
Extraction feature extracts the specific data that we require from the documents

Pros

"The extraction feature is the most valuable one of IQ Bot."

Cons

"The user should be able to update the data libraries. "
Find out what your peers are saying about IQ Bot. Updated February 2025
838,858 professionals have used our research since 2012.
Sunilkumar Venugopal - PeerSpot user
Head of RPA Team at Olam International
Verified user of IQ Bot
Nov 29, 2023
A stable and flexible product that provides excellent PDF classification and data extraction features

Pros

"PDF classification and basic data extraction are useful features."

Cons

"We face a few data extraction challenges when we use a huge data set with different formats."
Hilal Paray. - PeerSpot user
Pre-sale Director at Omnyx International
Verified user of IQ Bot
Aug 16, 2024
Has valuable OCR capabilities and a straightforward setup process

Pros

"The product's intelligent OCR capabilities are particularly effective for data extraction. It utilizes AI models that require only one or two templates to process all invoices. "

Cons

"The solution could improve its accuracy when handling more complex documents, such as handwritten ones. "
PM
Business Head of Intelligent Automation at CRG Solutions
Verified user of IQ Bot
Jun 22, 2023
An easy-to-use and easy-to-deploy solution that is suitable for large organizations

Pros

"The product is easy to use and easy to deploy."

Cons

"The solution requires 32GB RAM."
AC
Lead Consultant - Automation at ITC Infotech
Verified user of IQ Bot
Jun 29, 2020
Offers native automation for the US but is too expensive

Pros

"I would say that the best feature is that it has native automation for the US."

Cons

"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."
Chandresh Agarwal - PeerSpot user
Lead Software Engineer at Peristent Systems
Verified user of IQ Bot
Mar 13, 2023
Efficiently scans different PDF formats

Pros

"IQ Bot efficiently extracts invoice data from various types of PDFs. "

Cons

"If even a small change is made to a PDF format, IQ Bot may fail to read it and require me to go back and create a new learning instance."
Ashish  Tyagi - PeerSpot user
Senior Solutions Architect Manager at a computer software company with 501-1,000 employees
Verified user of IQ Bot
Sep 20, 2022
User-friendly, has great functionality, and allows users to fetch and extract data easily

Pros

"What I found most valuable in IQ Bot is its stability because it's now getting very much stable. Automation Anywhere is continuously enhancing this product. Initially, while my team was doing the PDF automation training in IQ Bot, sometimes, the solution doesn't extract the data, but now, you can easily group the software in different folders and you can integrate with TaskBot easily. Another valuable feature of IQ Bot is data extraction. The solution makes it easy to fetch data and extract data from PDFs. Without IQ Bot, it's very tough to do PDF data extraction. Now, I can extract data from more than five hundred templates easily through the solution. I also like that IQ Bot has great functionality."

Cons

"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."