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Learn about the history, purpose, structure, uses and limitations of the SIC system, a four-digit code for classifying industries by the U.S. government. Find out how SIC codes are different from NAICS codes and how they are assigned to businesses.
NAICS stands for North American Industry Classification System, a system of classifying business establishments by economic activity. It is used by governments and businesses in Canada, Mexico, and the United States, and has five or six-digit codes for different levels of aggregation.
Flock Safety is an American company that provides automated license plate recognition (ALPR), video surveillance, and gunfire detection systems to various customers. It claims to reduce crime and aid investigations, but faces criticism for privacy and civil liberties violations.
ISIC stands for International Standard Industrial Classification of All Economic Activities, a system maintained by the United Nations Statistics Division. It classifies entities by activity using statistical units and production processes, and has different revisions and structures.
GICS is an industry taxonomy developed by MSCI and S&P for use by the global financial community. It consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries into which public companies are categorized.
ISIN is a 12-character alphanumeric code that uniquely identifies a security globally for clearing, reporting and settlement of trades. It consists of a country code, a national securities identifying number and a check digit, and is defined by ISO 6166 standard.
TRBC (The Refinitiv Business Classification) is a market-based scheme that classifies over 72,000 public companies in 130 countries by their impact on markets. It has a five-level hierarchical structure with 10 economic sectors, 33 business sectors, 62 industry groups, 154 industries and 898 activities.
UKSIC is a standard industrial classification that helps classify businesses by their economic activity in the UK. It has different versions, the latest being the 2007 SIC system that aligns with EU and UN classifications.