NAICS Code 423430-09 - Information Retrieval Systems Equipment (Wholesale)

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NAICS Code 423430-09 Description (8-Digit)

Information Retrieval Systems Equipment (Wholesale) is a subdivision of the Computer and Computer Peripheral Equipment and Software Merchant Wholesalers industry. This industry involves the wholesale distribution of equipment used for information retrieval systems. These systems are designed to retrieve and manage information from various sources, such as databases, the internet, and other digital sources. Companies in this industry typically sell their products to retailers, businesses, and other organizations that require information retrieval systems equipment.

Hierarchy Navigation for NAICS Code 423430-09

Tools

Tools commonly used in the Information Retrieval Systems Equipment (Wholesale) industry for day-to-day tasks and operations.

  • Document scanners
  • Microfilm scanners
  • Microfiche scanners
  • Optical character recognition (OCR) software
  • Barcode scanners
  • Radio-frequency identification (RFID) scanners
  • Data storage devices (e.g. hard drives, flash drives)
  • Data backup systems
  • Data recovery software
  • Data encryption software

Industry Examples of Information Retrieval Systems Equipment (Wholesale)

Common products and services typical of NAICS Code 423430-09, illustrating the main business activities and contributions to the market.

  • Document management systems
  • Digital asset management systems
  • Library management systems
  • Electronic medical record systems
  • Inventory management systems
  • Customer relationship management systems
  • Human resources information systems
  • Geographic information systems
  • Enterprise content management systems
  • Knowledge management systems

Certifications, Compliance and Licenses for NAICS Code 423430-09 - Information Retrieval Systems Equipment (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
  • UL Certification: This certification ensures that the products meet safety standards set by Underwriters Laboratories (UL).
  • FCC Certification: This certification is required for electronic products that emit radio frequency energy. It is provided by the Federal Communications Commission (FCC).
  • CE Marking: This certification is required for products sold in the European Economic Area (EEA) and indicates that the product meets health, safety, and environmental protection standards. It is provided by the European Union (EU).
  • Rohs Compliance: This regulation restricts the use of certain hazardous substances in electrical and electronic equipment. Compliance is required for products sold in the EU.

History

A concise historical narrative of NAICS Code 423430-09 covering global milestones and recent developments within the United States.

  • The Information Retrieval Systems Equipment (Wholesale) industry has a long history of technological advancements and innovations. The first information retrieval system was developed in the 1940s by Vannevar Bush, which was called the Memex. In the 1960s, the first commercial information retrieval system was introduced by Dialog, which was used by NASA to manage its scientific information. In the 1970s, the first online database was created by the National Library of Medicine, which was called MEDLINE. In the 1980s, the first CD-ROM databases were introduced, which allowed for the storage of large amounts of data. In the 1990s, the World Wide Web was created, which revolutionized the way information was accessed and retrieved. In recent years, the industry has seen advancements in artificial intelligence and machine learning, which have improved the accuracy and efficiency of information retrieval systems. In the United States, the Information Retrieval Systems Equipment (Wholesale) industry has experienced significant growth in recent years. The industry has benefited from the increasing demand for big data analytics and the growing adoption of cloud computing. The development of new technologies, such as natural language processing and machine learning, has also contributed to the growth of the industry. In addition, the increasing use of mobile devices and the internet has created new opportunities for information retrieval systems. Overall, the industry is expected to continue to grow in the coming years as businesses and organizations increasingly rely on data-driven decision making.

Future Outlook for Information Retrieval Systems Equipment (Wholesale)

The anticipated future trajectory of the NAICS 423430-09 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Information Retrieval Systems Equipment (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for information retrieval systems equipment in various sectors such as healthcare, finance, and education. The growth of e-commerce and cloud computing is also expected to drive the demand for information retrieval systems equipment. Additionally, the increasing adoption of artificial intelligence and machine learning technologies is expected to create new opportunities for the industry. However, the industry may face challenges such as intense competition and the need to keep up with rapidly evolving technologies.

Industry Innovations for NAICS Code 423430-09

Recent groundbreaking advancements and milestones in the Information Retrieval Systems Equipment (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Cloud-Based Information Retrieval Systems: These systems allow users to access information from anywhere, at any time, and on any device. They also provide enhanced security and scalability.
  • Artificial Intelligence-Powered Information Retrieval Systems: These systems use machine learning algorithms to provide more accurate and relevant search results.
  • Mobile Information Retrieval Systems: These systems are designed for mobile devices and provide users with access to information on the go.
  • Voice-Activated Information Retrieval Systems: These systems allow users to search for information using voice commands, making the search process more convenient and efficient.
  • Blockchain-Based Information Retrieval Systems: These systems use blockchain technology to provide secure and transparent access to information.
  • Integration with Other Technologies: Information retrieval systems are being integrated with other technologies such as virtual reality and augmented reality to provide more immersive and interactive search experiences.
  • Personalized Search Results: Information retrieval systems are becoming more sophisticated in providing personalized search results based on user preferences and behavior.
  • Natural Language Processing: Information retrieval systems are using natural language processing to better understand user queries and provide more accurate search results.
  • Big Data Analytics: Information retrieval systems are using big data analytics to analyze large amounts of data and provide more relevant search results.
  • Improved User Interfaces: Information retrieval systems are being designed with more intuitive and user-friendly interfaces to improve the user experience.

NAICS Code 423430-09 - Information Retrieval Systems Equipment (Wholesale)

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