Haystac Named as “One to Watch” in Leading IDP Market Report

Boston, MA – December 15, 2022 – Haystac Inc., a leader in content analytics software, today announced that Deep Analysis, a technology industry research firm, has named Haystac as a One to Watch Innovator in its new report, Intelligent Document Processing Market Analysis: 2022-2026. Haystac was recognized alongside other IDP and AI innovators such as Microsoft, Oracle, Google, UiPath, and ABBYY.

According to Deep Analysis, intelligent document processing (IDP) software is powered by AI and automates document processing by assisting – or even replacing – human work. IDP is an essential component of digital transformation projects. Published on November 28, 2022, the report examines the composition of the IDP market, forecasts its size and growth, and lists factors contributing to its historical and future growth. The report also includes the Ones to Watch list of IDP innovators as ranked by the Deep Analysis team. 

“We are very pleased that Haystac has been recognized by Deep Analysis as an IDP Innovator!” said Barak Tsivkin, Haystac CEO and co-founder. “AI-driven innovation enables our team to solve unstructured data management problems in business processes, such as invoice processing, insurance claims processing, digital mailroom, records management, and more.”

The full report can be requested from Deep Analysis at this link.

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.