54 Industry Classification - Search Tactics (Information Research)
Description
This article is from the Information Research FAQ, by David Novak david@spireproject.com with numerous contributions by others.
54 Industry Classification - Search Tactics (Information Research)
Lastly, we have not yet researched the categorization of industries
using standard SIC or NAICS codes. In simple terms though, all
industries are given a specific code. Sub-industry is given a more
specific code. More and more specific codes refer to the production of
more and more specific items. Of course, some companies will be
involved in a collection of industries.
Two competing standards, the SIC and NAICS, have different codes but
the same coding system. Each code system can be mapped on the other, so
will cause you no undue concern. Trade statistics, digital business
directories, and national statistical bureau industry data will all use
the industry codes.
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