Determination of hadron spectrum is key to understanding of strong interactions. Some forty years ago hadrons were at the forefront of high energy physics and at that time sophisticated theoretical and analysis tools were developed. Poor data quality and scarce computational resources, however, prevented their comprehensive application to phenomenology. With new data sets of unprecedented quality and advances in computational facilities these barriers no longer exist. I will review some of the lessons from the past, the present status of analysis tools and techniques and the near and long term goals for the field.