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HyperScience vs IQ Bot comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Oct 10, 2024
 

Categories and Ranking

HyperScience
Ranking in Intelligent Document Processing (IDP)
5th
Average Rating
7.6
Number of Reviews
7
Ranking in other categories
No ranking in other categories
IQ Bot
Ranking in Intelligent Document Processing (IDP)
3rd
Average Rating
7.6
Number of Reviews
49
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of November 2024, in the Intelligent Document Processing (IDP) category, the mindshare of HyperScience is 9.4%, up from 9.4% compared to the previous year. The mindshare of IQ Bot is 3.3%, down from 6.0% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Intelligent Document Processing (IDP)
 

Featured Reviews

Pavan Balaji - PeerSpot reviewer
Aug 1, 2022
Performs well on handwritten text and on checkboxes; lacks sufficient language options
We use this product to help our internal teams automate in areas such as claims automation using intelligent document processing. It deals with handwritten documentation. We are partners with HyperScience and I'm a data science manager.  The product performs well on handwritten text and on…
Sunilkumar Venugopal - PeerSpot reviewer
Nov 27, 2023
A stable and flexible product that provides excellent PDF classification and data extraction features
We use the solution mostly for supply chain management. We use it for invoice processing and bill of lading PDF classification and basic data extraction are useful features. Whenever there is a variation in the same set of formats, the product considers it an additional group of formats. It…

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"I like that compared to other tools, HyperScience works best with handwritten documents."
"Has algorithms that can detect a document template even if the image has a lot of distortions."
"We have seen pretty good accuracy."
"What I liked more about HyperScience was the quality of the OCR it is a lot better compared to Google."
"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."
"Valuable features include tools like IQ Bot and the ability to extract handwritten documents with 93-95 per cent accuracy."
"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."
"I can train all the instances and properly adjust, inject Python code to find entities, and so on, and so forth."
"IQ Bot has helped my organization transform digital documents and files into information to be processed."
"The detection or extraction of data from the images in PDFs is the feature that I use the most. It is a good solution in terms of how easily you can administer or manage this tool. It is quite easy to use, and it is powerful in terms of what it can do."
"IQ Bot is quite user-friendly. And the drag-and-drop option is there, which makes the developer more comfortable."
"Extracting information from 500,000 invoices manually is difficult. IQ Bot automates the task and helps us summarize the data and provide it to the auditors."
"It offers a pretty simple setup process."
"IQ Bot uses AI technology to extract data from PDF files by analyzing and splitting a particular PDF file into separate groups."
"The most valuable feature is the ease of use and the new feature that makes it possible to integrate the platform with Google."
 

Cons

"HyperScience could improve the unstructured data extraction feature."
"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."
"They could work on the price and make it a bit more reasonable."
"The solution lacks support for a greater range of languages."
"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."
"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."
"Extracting tables from certain documents could be improved."
"The user should be able to update the data libraries."
"The process of manually correcting the data in the validation queue that IQ Bot failed to extract should be automated."
"The product is expensive."
"The log scripts can only be written in Python, there is no compatible language."
"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."
"I know that Automation Anywhere just said that IQ Bot 11 and higher versions are ready to extract the documents with less than 300 DPI, however, this is not true. I never could work with documents with less than 300 DPI."
"We don't get any kind of technical support or training for IQ Bot. There's a total lack of communication from them."
"Machine learning capabilities would be beneficial to have."
 

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."
"I feel that the price of IQ Bot could be lower."
"The solution is cost-effective compared to other market tools."
"The cost can be high."
"The licensing is under usage per page, and I wouldn't recommend it."
"It's expensive."
"The solution’s hardware cost is high."
"The pricing is reasonable."
"If you make use of only a few bots, this solution is very cheap."
report
Use our free recommendation engine to learn which Intelligent Document Processing (IDP) solutions are best for your needs.
814,763 professionals have used our research since 2012.
 

Top Industries

By visitors reading reviews
Computer Software Company
17%
Financial Services Firm
15%
Manufacturing Company
8%
Insurance Company
8%
Computer Software Company
16%
Manufacturing Company
12%
Financial Services Firm
9%
Healthcare Company
5%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What do you like most about HyperScience?
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 is your experience regarding pricing and costs for HyperScience?
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 ...
What needs improvement with HyperScience?
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...
When evaluating Robotic Process Automation, what aspect do you think is the most important to look for?
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 ...
What do you like most about IQ Bot?
IQ Bot is relatively easy to use and develop.
What is your experience regarding pricing and costs for IQ Bot?
The product cost is relatively high compared to other tools in the market. I rate the pricing a five out of ten.
 

Learn More

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Overview

 

Sample Customers

Hyperscience's customers are some of the top enterprises in the Insurance, Government, Financial Services, and Healthcare industries.
Synergy
Find out what your peers are saying about HyperScience vs. IQ Bot and other solutions. Updated: October 2024.
814,763 professionals have used our research since 2012.