Spencer brings vast knowledge of the Intelligent Document Processing market
BOSTON, MA — March 1, 2022 — Haystac Inc., a leader in unstructured data Content Analytics and Intelligent Document Processing (IDP) solutions, today announced that its board of directors has named noted document capture and recognition technologies expert Harvey Spencer to its advisory board.
Harvey Spencer was President of Harvey Spencer Associates Inc. (HSA — recently acquired by InfoSource), which became the leading analyst company specializing in advanced document imaging technology and solutions, with a particular focus on document related capture, recognition technologies, and content capture from structured and unstructured business inputs. He is an AIIM Fellow and recognized expert on document scanning and forms recognition including OCR, ICR, OMR and has written extensively on these subjects.
“Haystac has some interesting technology which I have been following now for some years,” said Spencer. “As automated classification and understanding of unstructured data becomes more mainstream, its core technology becomes more valued in the marketplace. I look forward to helping the company build on this strong foundation as it expands worldwide and continues to add critical capabilities to its platform, including adding additional unstructured data types such as video, audio and IoT to further automate compliance, security and data analytics.”
“Harvey brings an incredible, deep understanding of the Intelligent Document Processing and Information Governance market,” said Barak Tsivkin, Haystac CEO and co-founder. “Up to 90% of the overall data volume (now measured in zettabytes) is locked inside unstructured data with more being added daily. Enterprises need an intelligent Information Governance solution to reduce risk and secure their unstructured data, make it compliant, and add business advantage from the knowledge locked inside trillions of paper and electronic documents, emails and images.”
Tsivkin continued, “We look forward to his expert guidance as we execute our strategic plan to become the leader in advanced content and file analytics.”
About Haystac
Headquartered in Boston, Massachusetts, Haystac created the Haystac Content Analytics Platform, an AI-driven cloud solution using innovative deep learning and data science methods to produce superior results. Our engine helps customers to solve information management, security, privacy, and governance challenges across multiple business use cases. For more information, visit us online at www.haystac.com.