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The North American Industry Classification System (NAICS) is used by businesses and governments for the classification of various businesses to measure the economic activity in United States, Canada, and Mexico. NAICS is 6-digit code system that is currently the standard code used to find out the individual business locations.
Gilbert Data offers products and services to deliver NAICS and SIC codes for your business records, to enhance your client’s relationship, scenarios, and businesses. NAICS, or The North American Industry Classification System, is used to catalog and to measure businesses in the United States, Canada, and Mexico. It is often used in combination with or instead of the Standard Industrial Classification (SIC) system.
Both are economy-based codes used to determine what kind of industry into which a business can be characterized. NAICS switched SIC codes for the most parts due to surplus technology-based classification, the market trends lifted as required and the Internet grew up, but many companies find SIC codes more important for their needs.
NAICS and SIC provide marketing and sales awareness into individual business positions by establishing companies into industry-specific categories according to their key line of business. By putting every business into segments, subsectors, industry groups, and industries, these scheme offers you better access to know who you’re marketing to investments in their revenue, and the target markets you need to grasp.
