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Fernando  Alfaro - PeerSpot reviewer
Manager Advisory Services at Ernst & Young
Real User
Highly stable, useful Discovery Bots, and scalable
Pros and Cons
  • "The most valuable feature of IQ Bot is the Discovery Bots. They can detect and analyze for improvements."
  • "IQ Bot could improve the documentation."

What is our primary use case?

I am using IQ Bot for image recognition, Excel, and SAP.

What is most valuable?

The most valuable feature of IQ Bot is the Discovery Bots. They can detect and analyze for improvements.

What needs improvement?

IQ Bot could improve the documentation.

For how long have I used the solution?

I have been using IQ Bot for approximately five years.

Buyer's Guide
IQ Bot
January 2025
Learn what your peers think about IQ Bot. Get advice and tips from experienced pros sharing their opinions. Updated: January 2025.
831,265 professionals have used our research since 2012.

What do I think about the stability of the solution?

The newest version of IQ Bot is very stable.

What do I think about the scalability of the solution?

IQ Bot is scalable.

How are customer service and support?

The technical support I have received from IQ Bot has been of average quality.

I rate the support from IQ Bot a three out of five.

How would you rate customer service and support?

Neutral

How was the initial setup?

The installation of IQ Bot sometimes is really difficult. For example, making complex architecture can be complex. Additionally, migrations are very complex. Migrating from version 11 to A360 is difficult. They have been working on it, but there is too little documentation.

What about the implementation team?

The number of maintenance people needed depends on the size of many factors. For one deployment I have 10 specialists for maintenance and in another location, I only need one.

What was our ROI?

We have seen a return on investment in less than a year using IQ Bot. In approximately one year is where most of the projects started receiving a return on investment. Sometimes earlier, but the average is going to be a year.

What other advice do I have?

My advice to others is to get in touch with Automation Anywhere in order to understand, or to a partner that's understanding very well how to deliver architectures in order to have the better installation that they need. Sometimes clients that bought a lot of licenses that they don't need.

I rate IQ Bot a nine out of ten.

IQ Bot is useful. Once you understand it, it's pretty useful to manipulate. It helps us a lot to enhance everything.

Disclosure: My company has a business relationship with this vendor other than being a customer: Partner
PeerSpot user
Technical Architect at a consumer goods company with 10,001+ employees
Real User
Capable of extracting data from an image, but accuracy should be better
Pros and Cons
  • "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."
  • "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%."

What is our primary use case?

We have invoice data in the form of an image. With a normal task bot, we cannot extract the data from that. So, we are using IQ Bot to extract information or invoice data.

I have worked on version 11.3.6, but Automation Anywhere has released Automation 360. I have been working on that for the last three to four months, and it has many good features as compared to version 11.

What is most valuable?

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.

What needs improvement?

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%.

Another major limitation is with the handwritten applications. If I write a new application with a pen and scan it and store it, IQ Bot cannot access that information. It doesn't accept handwritten applications. It should accept the handwritten application.

Sometimes, the quality is not good, but it also depends on the quality of the document. If the quality is less than 600 DPI or 300 DPI, IQ Bot will not process the document.

For how long have I used the solution?

I have been using this solution for more than a year. I'm working as a technical architect. Sometimes, I use it myself, and sometimes, I provide solutions to developers.

What do I think about the stability of the solution?

It is not that stable when the documents have different formats. When the format changes, the document goes to the validation queue.

What do I think about the scalability of the solution?

It is scalable, and we can put 100 documents or 1,000 documents, but the percentage of accuracy should be more.

In terms of its users, currently, six to seven developers are involved in the invoicing process. It is being used daily. When IQ Bot is not able to handle the data, the document goes to the validation queue. They open the documents that come to the validation queue and retrain the particular document. For that purpose, support people are needed.

How are customer service and support?

They're responsible, and they provide very good support. They are supporting us very well. They are knowledgeable.

It also depends upon what kind of support contract you have with them. Sometimes, there are restrictions on the number of tickets. You cannot create more than 10 tickets. If you create more than 10 tickets, they can charge you or something like that. It depends on the support contract. In my organization, the support contract is good.

I would rate their support a four out of five.

How would you rate customer service and support?

Positive

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

I never used any other product, but to my knowledge, people are moving to Python script. They are using Python script and going for the AI/ML level. Through Python script, accuracy is more as compared to IQ Bot. If you're using the Python script library, at the code level, the accuracy is more. The code control is in your hands. You control the code and you can modify it, but with a product, the control is not in your hand. 

How was the initial setup?

I am not aware of its setup. Its setup is done by the infrastructure people. They set up the IQ Bot server because IQ Bot needs a server. 

What other advice do I have?

I would rate it a seven out of ten.

Disclosure: I am a real user, and this review is based on my own experience and opinions.
PeerSpot user
Buyer's Guide
IQ Bot
January 2025
Learn what your peers think about IQ Bot. Get advice and tips from experienced pros sharing their opinions. Updated: January 2025.
831,265 professionals have used our research since 2012.
reviewer1850706 - PeerSpot reviewer
Senior Datawarehouse/ETL Expert
Real User
Excellent document extraction, very straightforward and integrates with Automation Anywhere
Pros and Cons
  • "I can train all the instances and properly adjust, inject Python code to find entities, and so on, and so forth."
  • "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."

What is most valuable?

I love IQ Bot. I can extract any type of document. It doesn't matter if we have a background image in the document if it's a colorful document. It doesn't matter. I can extract and work with it regardless. I can train all the instances and properly adjust, inject Python code to find entities, and so on, and so forth. 

IQ Bot is a powerful technology. It's a very, very powerful technology. It's 100% integrated with Automation Anywhere Enterprise without any type of API. When you use Foundation AI and ABBYY, you need to consume APIs or you need to install an integration pack, however, when you work with IQ Bot it's very straightforward. You just consume all your instances very fast.

What needs improvement?

The problem with IQ Bot is the price. With so many options on the internet, some customers, medium-sized companies, have no budget to pay for IQ Bot, and then they just migrate the IntelligentOCR and all the machine learning to data extraction to cloud providers, such as Foundation AI or ABBYY.

In terms of Automation Anywhere, I did not try it yet, however, until the IQ Bot 11, what I can ask for Automation Anywhere to improve is just NLP and NLU, to extract body emails or an unstructured text.

I don't know if we can use IQ Bot with another RPA vendor by just integrating IQ Bot through API. I don't know if it's possible. I'm working with UiPath as well and I don't know if we can use IQ Bot with UiPath. 

We'd like just a bit more improved technology. Sometimes we send documents with less than 300 DPI. 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.

For how long have I used the solution?

I've worked with the solution for more than 12 months. 

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

I've also used Foundation AI and ABBYY, however, they require the use of APIs.

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

The solution is largely pretty expensive, especially for smaller organizations. 

What other advice do I have?

We are a partner of Automation Anywhere.

I work with Automation Anywhere. I never worked with Power Automate before. I've been working with Automation Anywhere for the last four years, since version 10. Automation Anywhere is evolving. In the beginning, it had so many bugs. Things didn't work as expected. Now, with version A360 and also with A11, I can deliver all the business expectations with Automation Anywhere Enterprise IQ Bot.

I've already deployed three environments. I also participated in two big migrations without any hitch, without any problems. They're well-documented by Automation Anywhere and the product is very reliable. I never faced a platform downtime, big downtime, with the platform doing application error. I haven't had even database issues. What I can say about Automation Anywhere is that Automation Anywhere just delivers everything I need to deploy all business processes, no matter the line of business. If you were talking about manufacturing, if you were talking about finance or insurance companies, I can deploy and automate almost all processes using Automation Anywhere.

I'd rate the solution an eight out of ten.

Disclosure: I am a real user, and this review is based on my own experience and opinions.
PeerSpot user
SandeepVerma - PeerSpot reviewer
Manager-Service Delivery at Tech Mahindra Limited
Real User
It has the ability to easily capture objects
Pros and Cons
  • "IQ Bot has the ability to easily capture objects. The latest version is far ahead of the competition. Most of the features are excellent, valuable, and easy to handle."
  • "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."

What is most valuable?

IQ Bot has the ability to easily capture objects. The latest version is far ahead of the competition. Most of the features are excellent, valuable, and easy to handle.

What needs improvement?

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. 

For how long have I used the solution?

IQ Bot is a component of the newer version of Automation 360. We started using it about a year and a half ago. It was introduced in 2020, and we started using it in September 2020.

What do I think about the stability of the solution?

If you need an application to do some repetitive task, then you are going to create the bot. And as for the requirement, you are creating some IQ Bots and master bot and you're handling errors altogether, so obviously it will be stable up to 98%.

What do I think about the scalability of the solution?

IQ Bot has to be scalable because it contains a lot of data and multiple features. You need to provide some services as well, so scalability is a part of it. 

If a client has a massive amount of data that needs to be processed, it's more likely that there will be errors in the data if it's processed manually. Automating the process gives you greater accuracy. 

How are customer service and support?

I rate IQ Bot support nine out of 10. You might have technical difficulties requiring some tweaking or minor issues that can be resolved in a single call.  Those are easy to handle. For example, maybe some tabs are missing, so support will go inside and check the code to find out what happened.

You are provided support for one month after deploying then there are levels of support: levels one, two, and three. You raise a ticket for a specific issue, problem, or application. Maybe it's a data issue or an application-related problem. For example, perhaps some content is missing. You send a screenshot and some information to the technician. They solve minor problems in an hour or two, but something significant might take one or two days. 

How would you rate customer service and support?

Positive

What was our ROI?

The ROI varies among clients, but a customer will only implement automation if they expect a return. There are two or three points to consider when providing a solution to the client. You need to look at how much you can reduce two categories: full-time equivalent and AST.  

You should think about the headcount that can be reduced. Let's say there are three people working for 24 hours, and one bot can complete those tasks in less time. Suppose a ticket that takes two hours to resolve manually can be handled in five minutes by bot. That ROI structure is provided to the client. The price structure and an analysis of workload management must be included. You will need to create some remote machines and divide the task into different levels among various machines. 

What other advice do I have?

I rate IQ Bote nine out of 10. If a process is divided into use cases, it should be at least 95 percent accurate. My advice to prospective users depends on the requirement. You have to consider the complexity. If it's a simple task, you can do everything by hand, but if it takes 10 team members to do the task, you might consider automation.

I suggest automation for a complex use case involving complicated processes, multiple applications, and lots of data. If the client is working with semi-structured data, we can offer automation. We only recommend this if we can automate 55 percent of the processes or more. 

Disclosure: My company has a business relationship with this vendor other than being a customer: Partner
PeerSpot user
Marco Aurelio BALDOCEDA PORRAS - PeerSpot reviewer
Tech Leader RPA Individual Contributor at Interbank
Real User
A solution with good import and export capabilities but could have better setup processes
Pros and Cons
  • "IQ Bot has helped my organization transform digital documents and files into information to be processed."
  • "There are issues with the technology identifying a signature."

What is our primary use case?

IQ Bot is good software, and our current version has good functionality. First, it helps to create an instance in the development environment. Then, it allows you to export this instance and import it to another environment like the certification or production environment.

IQ Bot works well when an application generates a document, PDF, PNG, or other extensions. For example, documents or files are generated in an application like Oracle EVS, making the IQ Bot work well.

In our company, we have only five processes and about 11 instances automated using IQ Bot. For example, one involves documents generated using PDF, and another uses PNG extension.

How has it helped my organization?

IQ Bot has helped my organization transform digital documents and files into information to be processed. We often receive files and digital documents in a path or shared directory, and IQ Bot does the work. For example, we receive 3,000 documents a month, transform the digital information and then get the necessary data to use in our processes.

We had issues getting the data when we tried to use Tesseract, an OCR, because the OCR didn't get the exact information. However, with IQ Bot, 99 percent of the documents received work well and help send information to our clients.

What is most valuable?

With IQ Bot, we can transform an unstructured or digital document into structured data. It was our first experience using software to transform digital information into structured data.

What needs improvement?

We find errors with this solution if we have a document in paper format and use a scanner to convert it to a digital document like a PNG. As an additional feature, the technology needs to recognize signatures. Currently, there are issues with the technology identifying a signature.

We also used a previous version of IQ Bot about three years ago when we started our pilot and experienced some problems. We had issues exporting an instance and could not import it into another environment.

For how long have I used the solution?

We have used IQ Bot for one year and use version 11.3.5, the latest version. Automation Anywhere is currently working on another version called A360.

We use on-premises architecture.

What do I think about the stability of the solution?

It is a stable solution. We have 11 instances and five automated processes. The use of these instances depends on the architecture and number of servers. Our architecture is enough, and we have three highly available servers that allow us to grow and use IQ Bot.

What do I think about the scalability of the solution?

It is a scalable product. However, the scalability is a little complicated. For example, in IQ Bot, you need more servers because its memory and CPU capacity is high. It also requires a lot of hardware.

There are some improvements in the Automation Anywhere A360 new version with changes to the IQ Bot model. In this A360 model, IQ Bot RPI or Control Room automation calls are coupled. However, in the version we use, they are separated. Therefore, we must install Control Room on one server and IQ Bot on another.

How are customer service and support?

I rate the technical support a four out of ten.

How would you rate customer service and support?

Neutral

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

We did not use another solution before IQ Bot. However, we practiced using Tesseract and considered Hyperscience, another technology with intelligent document processing. After that, we decided to stop researching other options.

How was the initial setup?

Our initial setup was a little complex, and the installation and setup took about two to three hours. It was our first time using this solution, but it may have been easier if we had more experience.

We needed about three people to complete the deployment. We have one architect and an analyst for deployment and maintenance, and I am their boss.

What about the implementation team?

We implemented IQ Bot in-house.

What was our ROI?

We have not evaluated our returns.

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


I don't have details about the cost, but we evaluated the unit cost compared to other solutions like Hyperscience, which were very similar. It will be good if the price is lower.

What other advice do I have?

I rate this solution a four out of ten based on our experience. However, the rating may differ with a new version and new functionalities.

Regarding advice on this solution, firstly, I recommend choosing the best scenario and appropriate use case for a company. Secondly, investigate the technology and experiences of other companies. This is necessary because some companies declare that their servers work in different scenarios when they do not. Thirdly, make a proof of concept using this technology.

Which deployment model are you using for this solution?

On-premises
Disclosure: I am a real user, and this review is based on my own experience and opinions.
PeerSpot user
Sr. Software Engineer at Tata Consultancy
Real User
Top 20
The process of manually correcting the data in the validation queue should be improved, but it helps extract text data from structured and unstructured PDF files
Pros and Cons
  • "IQ Bot uses AI technology to extract data from PDF files by analyzing and splitting a particular PDF file into separate groups."
  • "The process of manually correcting the data in the validation queue that IQ Bot failed to extract should be automated."

What is our primary use case?

IQ Bot is used for extracting text data from structured and unstructured PDF files, written documents, and health care documents. We also use IQ Bot for extracting text from images.

What is most valuable?

IQ Bot uses AI technology to extract data from PDF files by analyzing and splitting a particular PDF file into separate groups.

What needs improvement?

The process of manually correcting the data in the validation queue that IQ Bot failed to extract should be automated. IQ Bot's AI technology has to be improved.

For how long have I used the solution?

I have been using IQ Bot for four years.

What do I think about the stability of the solution?

IQ Bot is a stable solution.

How are customer service and support?

IQ Bot's technical support is very helpful, and they respond very quickly.

How would you rate customer service and support?

Neutral

How was the initial setup?

Since everything is in the cloud, IQ Bot is easy to set up.

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

IQ Bot's pricing is reasonable compared to other solutions but should be decreased further.

What other advice do I have?

It is easy to use IQ Bot to extract accurate data from a structured digital PDF. However, sometimes it is difficult to find the characters extracted by IQ Bot because it extracts '$' as 'S' and '0' as 'O.'

IQ Bot's user interface is easy to use. A beginner, business analyst, or manager without technical knowledge can use IQ Bot.

Overall, I rate IQ Bot a five out of ten.

Disclosure: I am a real user, and this review is based on my own experience and opinions.
PeerSpot user
reviewer1430634 - PeerSpot reviewer
Manager at a consultancy with 10,001+ employees
Real User
Top 5
A stable solution that is easy to use and develop, but it is not good at extracting details from unstructured data
Pros and Cons
  • "IQ Bot is relatively easy to use and develop."
  • "It would be good if the solution could extract or capture details from unstructured data."

What is most valuable?

IQ Bot is relatively easy to use and develop. The solution's accuracy is similar to the standard, best products in the market.

What needs improvement?

It would be good if the solution could extract or capture details from unstructured data. It would also be good if the solution could incorporate AI capabilities to extract details from documents like annual reports or policy documents.

For how long have I used the solution?

I have been working with IQ Bot for five to six years.

What do I think about the stability of the solution?

IQ Bot is a stable solution, and we haven’t faced any issues with its stability.

What do I think about the scalability of the solution?

IQ Bot is a scalable solution. Since IQ Bot is expensive compared to other solutions, it is mostly used by enterprise businesses.

How are customer service and support?

The technical support team delays responding to our queries, and their solutions are not quite accurate. When someone raises a query and a ticket is raised, the person answering that query should be consistent and should have the right technical knowledge.

How would you rate customer service and support?

Neutral

How was the initial setup?

I rate the solution a six to seven out of ten for the ease of its initial setup.

What about the implementation team?

The solution's deployment time depends on the volume and complexity of the documents, but it usually takes a few days.

What was our ROI?

The solution's return on investment depends on the volume of the documents and the region in which the solution is used. Processing a huge volume of documents gives a good return on investment. If the solution is used in India, the period for the return on investment is slightly higher. However, when used outside India, the return on investment usually comes down because the workforce they replace costs more outside India.

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

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.

What other advice do I have?

Earlier, we implemented the solution on-premises, but lately, we have been implementing it on the cloud because of our client's requirements.

Overall, I rate IQ Bot a seven out of ten.

Disclosure: My company has a business relationship with this vendor other than being a customer: Partner
PeerSpot user
German Campos - PeerSpot reviewer
Pre-Sales Manager (Peruvian Branch) at Global hitss
Real User
Top 5
An easy-to-use solution that helps to extract information
Pros and Cons
  • "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."
  • "The product is expensive."

What is our primary use case?

We use IQ Bot to extract and consolidate the information. 

How has it helped my organization?

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. 

What is most valuable?

IQ Bot is very easy to use. 

What needs improvement?

The product is expensive. 

For how long have I used the solution?

I have been using the tool for a month. 

What do I think about the stability of the solution?

I rate the tool's stability an eight out of ten. 

What do I think about the scalability of the solution?

I rate the solution's scalability an eight out of ten. 

How are customer service and support?

We are yet to use technical support. 

What about the implementation team?

We have a team to install the tool. 

What was our ROI?

We have seen ROI with the tool's use. 

What other advice do I have?

I rate the solution a nine out of ten. 

Which deployment model are you using for this solution?

On-premises
Disclosure: I am a real user, and this review is based on my own experience and opinions.
PeerSpot user