The SIC Code is an alphanumeric code that is used to classify businesses and industries in the United States, Europe and throughout the world. These codes are based on the United States Standard Industrial Classification (US SIC) system, which has been maintained by the United States Census Bureau since the 1960s. The US SIC system is a hierarchical classification system that divides industries into progressively more specific categories. The first character is a letter which represents the major group in which an organization belongs, i.e. the industrial division (Mining, Manufacturing, Finance, Services, Education, etc.). Then follow a series of digits that in pairs stand for sub-divisions and more specific activities or sub-divisions and sub-categories within each major group. This hierarchical structure enables the US SIC system to classify businesses and industries at multiple levels.
The SIC codes are used by many organizations and people to classify businesses and industries. For example, they are used by financial institutions to research for granting loans, by market research firms to categorize businesses for statistical purposes, and by governments to track down economic activity for programs and promotions. This classification is based on a company’s primary line of business. For example, a company that primarily engages in retail sales of consumer goods is classified under the specific retail trade industry.
Use An API
You can search for companies and information manually, which is time- and effort-consuming, or else use an API to get all necessary data so that you can use it for your own purposes and for your business. You can improve your marketing strategies based on details about your competitors, or even create new products based on the commercial trends. In this case, we are referring to the SIC Code API which will help you perform the search more easily. This API allows to get all this information in just seconds so you can work faster and better. You will be able to use it without the need of a team of experts at all, and with no crevice for human error.
Why SIC Code API?
This tool is ideal for those who want to get information about companies without having to spend time searching through databases one by one. You will be able to access all this information just by entering the company’s name or their domain name. This way you will get all kinds of information such as their industry classification, which will allow you to know what type of products or services they offer. Also, you will know if they are public or private companies and much more. This data is essential if you are assessing competitors, pulsing the market trends, looking for eventual partners, etc.
The software is powered with Artificial Intelligence, and integrated with other APIs (SIC Codes LookUp API, Company Data Slug API, Company`s Line Of Business API and Retrieve Company Information API) that complement one another to render the best, most accurate and reliable information in real time. You can use it with almost any programming language, systems and applications. In addition, it supports multiple calls at once so you can make several requests at the same time without having to wait for each output individually. And finally, the service is affordable and you will save on time, effort, productivity and revenue.
