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NAICS Code 541519-07 Description (8-Digit)

Data Retrieval Services is a subdivision of the NAICS Code 541519, which falls under the category of Other Computer Related Services. This industry involves the provision of services related to the retrieval of data from various sources. The data can be in any format, such as text, images, audio, or video. The primary objective of Data Retrieval Services is to extract relevant information from large datasets and present it in a structured and organized manner. Data Retrieval Services is a crucial industry that helps businesses and organizations to make informed decisions based on the data they have collected. The services provided by this industry include data mining, data warehousing, data analysis, and data visualization. Data Retrieval Services can be used in various fields, such as healthcare, finance, marketing, and research.

Hierarchy Navigation for NAICS Code 541519-07

Parent Code (less specific)

Tools

Tools commonly used in the Data Retrieval Services industry for day-to-day tasks and operations.

  • Apache Hadoop
  • Apache Spark
  • Elasticsearch
  • Splunk
  • Tableau
  • QlikView
  • SAS
  • R
  • Python
  • MATLAB
  • SQL Server
  • Oracle Database
  • MongoDB
  • Cassandra
  • Neo4j
  • Amazon Web Services
  • Microsoft Azure
  • Google Cloud Platform
  • IBM Cloud

Industry Examples of Data Retrieval Services

Common products and services typical of NAICS Code 541519-07, illustrating the main business activities and contributions to the market.

  • Social Media Analytics
  • Market Research
  • Fraud Detection
  • Customer Relationship Management
  • Healthcare Analytics
  • Financial Analytics
  • Supply Chain Management
  • Business Intelligence
  • E-commerce Analytics
  • Cybersecurity Analytics

Certifications, Compliance and Licenses for NAICS Code 541519-07 - Data Retrieval Services

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

  • Certified Information Systems Security Professional (CISSP): This certification is required for professionals who want to work in the field of information security. It is provided by the International Information System Security Certification Consortium (ISC)². The certification validates the skills and knowledge required to design, engineer, implement, and manage the overall information security program to protect organizations from growing sophisticated attacks.
  • Certified Information Privacy Professional (CIPP): This certification is provided by the International Association of Privacy Professionals (IAPP) and is required for professionals who want to work in the field of data privacy. The certification validates the skills and knowledge required to manage, design, and operate privacy programs across all stages of their lifecycle.
  • Certified Data Management Professional (CDMP): This certification is provided by the Data Management Association International (DAMA) and is required for professionals who want to work in the field of data management. The certification validates the skills and knowledge required to design, implement, and manage data management programs.
  • Certified Analytics Professional (CAP): This certification is provided by the Institute for Operations Research and the Management Sciences (INFORMS) and is required for professionals who want to work in the field of data analytics. The certification validates the skills and knowledge required to apply analytics to solve business problems.
  • Certified Fraud Examiner (CFE): This certification is provided by the Association of Certified Fraud Examiners (ACFE) and is required for professionals who want to work in the field of fraud examination. The certification validates the skills and knowledge required to detect, prevent, and investigate fraud.

History

A concise historical narrative of NAICS Code 541519-07 covering global milestones and recent developments within the United States.

  • Data retrieval services have been around since the early days of computing, with the first commercial data retrieval system being developed in the 1960s. The industry has since grown and evolved, with notable advancements including the development of search engines in the 1990s and the rise of big data in the 2000s. In recent years, the industry has seen a shift towards cloud-based data retrieval services, as well as an increased focus on data security and privacy. In the United States, the data retrieval services industry has experienced significant growth in the past decade, driven by the increasing importance of data in business decision-making and the rise of big data analytics. Notable advancements in the industry include the development of machine learning algorithms for data analysis and the increasing use of artificial intelligence in data retrieval. The industry has also seen a rise in demand for data retrieval services in the healthcare and financial sectors, as well as an increased focus on data privacy and security following high-profile data breaches.

Future Outlook for Data Retrieval Services

The anticipated future trajectory of the NAICS 541519-07 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 Data Retrieval Services industry in the USA is positive. The industry is expected to grow due to the increasing demand for data-driven decision-making across various sectors. The rise of big data and the need for businesses to analyze and interpret large amounts of data is driving the growth of this industry. Additionally, the increasing adoption of cloud computing and the Internet of Things (IoT) is expected to create new opportunities for data retrieval services. However, the industry may face challenges such as data privacy concerns and cybersecurity threats. Overall, the industry is expected to continue growing in the coming years.

Industry Innovations for NAICS Code 541519-07

Recent groundbreaking advancements and milestones in the Data Retrieval Services industry, reflecting notable innovations that have reshaped its landscape.

  • AI-Powered Data Retrieval: Companies are using artificial intelligence (AI) to automate the process of data retrieval, making it faster and more accurate.
  • Cloud-Based Data Retrieval: The adoption of cloud computing has made it easier for businesses to access and retrieve data from anywhere, at any time.
  • Mobile Data Retrieval: The increasing use of mobile devices has led to the development of mobile data retrieval services, allowing users to access data on the go.
  • Blockchain-Based Data Retrieval: Blockchain technology is being used to create secure and transparent data retrieval systems, ensuring the integrity of the data.
  • Data Visualization Tools: Companies are developing new data visualization tools that make it easier for businesses to analyze and interpret large amounts of data.
  • Natural Language Processing (NLP): NLP technology is being used to improve the accuracy of data retrieval by allowing users to search for data using natural language queries.
  • Predictive Analytics: Predictive analytics is being used to forecast future trends and patterns based on historical data, helping businesses make data-driven decisions.
  • Real-Time Data Retrieval: Real-time data retrieval services are becoming increasingly popular, allowing businesses to access and analyze data as it is generated.
  • Social Media Data Retrieval: Companies are developing tools to retrieve and analyze data from social media platforms, providing valuable insights into consumer behavior.
  • Wearable Technology Data Retrieval: The increasing use of wearable technology has led to the development of data retrieval services that collect and analyze data from these devices.

NAICS Code 541519-07 - Data Retrieval Services

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