IQ BOT
Cognitive automation change maker. Impact in under 8 weeks.
CLOSING THE CHASM
Bots learning from human behavior
IQ BotTM delivers automation using the most advanced cognitive technology, working to make sense of unstructured data while improving its skills and performance. It learns from people at work.
“It is the capability to automate content-centric processes that makes AI an ideal complementary technology to RPA. Using a combination of the two, organizations can automate processes end-to-end e.g. take in documents using AI, parse, classify, and understand meaning or sentiment and pass on the required action to RPA. Finish by composing an acknowledgement letter/text or email to the client using AI.” - Sarah Burnett, Vice President, Everest Group
SEE IN THE DARK
Bring Structure to Unstructured Data
Traditional automation can’t access the vast majority of company data and information. That leaves knowledge workers with the heavy lifting of painstakingly finding the right information to "feed" business processes.
IQ Bot can be taught by humans to uncover and transform hidden or “Dark Data” to automate business processes faster and more efficiently while simultaneously eliminating human error.
CLOSING AN OBVIOUS GAP
Cognitive automation for any business process
IQ Bot is purpose-built cognitive automation that integrates with other AI solutions like IBM Watson to bridge the gaping hole between RPA and pure cognitive platforms.
INSIDE AN IQ BOT
Machine learning and AI applied to everyday processes
RECOGNIZE
COMPUTER VISION
Identifies and categorizes unstructured content allowing the bot to intelligently extract decision-making data
UNDERSTAND
NATURAL LANGUAGE PROCESSING
Comprehends the meaning and intent of content to improve decision making
ENRICH
FUZZY LOGIC
Conducts phonetic algorithm and fuzzy string matching against enterprise applications to validate and enrich extracted data
IMPROVE
MACHINE LEARNING
Learns by observing human behavior and develops domain expertise increasing accuracy and reducing exceptions
Take the Robot out of the Human
IQ Bot automates business processes that rely on semi-structured or unstructured data hidden in electronic documents, images, emails, and more. IQ Bot leverages multiple AI techniques to intelligently digitize and extract data to make your RPA and/or OCR technology even more effective. IQ Bot keeps learning from corrections made by your knowledge workers, getting smarter and more accurate over time.
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Typical Business Process Today
Business Process with IQ Bot
END-TO-END AUTOMATION WITHOUT HUMAN INVOLVEMENT
Double your STP Results within 3 to 6 Months
Leverage proven artificial intelligence that continuously improves STP over time with supervised learning.
Reduce Data Processing Errors
Significantly lower your error rates by automating the ERP system data entry.
Accelerate Turnaround Times
Reduce processing time and backlog by automating the extraction and digitization of documents.
Improve Customer Experience
Reduce wait time and speed up response times for customer interactions.
PARALLELS WITH SELF-DRIVING CAR TECHNOLOGY
IQ Bot leverages the latest computer vision and unsupervised learning techniques—just like those used in self-driving cars—to digitize images and documents. It automatically extracts the data needed for decision making and continuously learns from knowledge worker feedback. IQ Bot can be easily combined with RPA bots or other AI solutions such as IBM Watson to achieve unprecedented levels of end-to-end business processes automation.
WHAT DOES AN IQ BOT DO?
Automates Classification
Regulates the recognition and classification of content with leading edge unsupervised learning algorithms.
Intelligently Digitizes
Leverages the latest computer vision technology to more intelligently and accurately digitize documents than traditional OCR technology.
Learns on the Job
Continuously learns from user feedback getting ‘smarter’ over time.
Automates End-to-end Process
Automation Anywhere uniquely mixes and matches traditional RPA with cognitive technology to achieve unprecedented levels of STP.
PROCESSES THAT IQ BOT EXCELS AT
Invoices
Mortgage Applications
Insurance Claims
Contracts
Purchase Orders
And many more
CASESTUDY
Technology Manufacturing
CHALLENGE
This manufacturer was using OCR technology to automate invoice process. Large variations in invoice formats limited automation with the STP maxing out at 30%.
SOLUTION
By leveraging unsupervised learning and computer vision technology, IQ Bot was able to automatically categorize and digitize a broader array of invoices. Moreover, integration with Automation Anywhere’s RPA platform allowed them to automatically validate the invoice and populate the data in ERP application.
BENEFITS
After deploying IQ Bot for enhanced automation, they doubled their STP to 61% within four months and are expected to continue improving STP over time.