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NAICS Code 812990-06 Description (8-Digit)

Buyers Information Service is a subdivision of the NAICS Code 812990 that involves providing information to buyers about products and services. This industry is focused on helping buyers make informed decisions by providing them with relevant information about the products and services they are interested in. The information provided by this industry can include product specifications, pricing, availability, and reviews. Buyers Information Service companies can operate in a variety of industries, including retail, e-commerce, and real estate.

Hierarchy Navigation for NAICS Code 812990-06

Parent Code (less specific)

Tools

Tools commonly used in the Buyers Information Service industry for day-to-day tasks and operations.

  • Market research software
  • Data analytics tools
  • Customer relationship management (CRM) software
  • Social media monitoring tools
  • Web scraping tools
  • Price tracking software
  • Survey tools
  • Email marketing software
  • Content management systems (CMS)
  • Search engine optimization (SEO) tools

Industry Examples of Buyers Information Service

Common products and services typical of NAICS Code 812990-06, illustrating the main business activities and contributions to the market.

  • Product review websites
  • Comparison shopping websites
  • Real estate listing websites
  • Consumer advocacy organizations
  • Price tracking websites
  • E-commerce websites with customer reviews
  • Business information services
  • Market research firms
  • Online forums for product discussions
  • Social media influencers providing product recommendations

Certifications, Compliance and Licenses for NAICS Code 812990-06 - Buyers Information Service

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

  • Certified Information Privacy Professional (CIPP): This certification is offered by the International Association of Privacy Professionals (IAPP) and is designed for professionals who work with personal information. It covers privacy laws and regulations, data protection practices, and privacy program management.
  • Certified Information Systems Security Professional (CISSP): This certification is offered by the International Information System Security Certification Consortium (ISC)² and is designed for professionals who work with information security. It covers security and risk management, asset security, security engineering, communication and network security, identity and access management, security assessment and testing, security operations, and software development security.
  • Certified Fraud Examiner (CFE): This certification is offered by the Association of Certified Fraud Examiners (ACFE) and is designed for professionals who work with fraud prevention, detection, and investigation. It covers fraud prevention and deterrence, financial transactions and fraud schemes, investigation, law, and ethics.
  • Certified Compliance & Ethics Professional (CCEP): This certification is offered by the Society of Corporate Compliance and Ethics (SCCE) and is designed for professionals who work with compliance and ethics. It covers compliance and ethics program development, implementation, and management, risk assessment, auditing and monitoring, investigations, and international compliance.
  • Certified Information Systems Auditor (CISA): This certification is offered by the Information Systems Audit and Control Association (ISACA) and is designed for professionals who work with information systems auditing, control, and security. It covers information systems auditing, governance, risk management, information systems acquisition, development, and implementation, information systems operations, maintenance, and support, and protection of information assets.

History

A concise historical narrative of NAICS Code 812990-06 covering global milestones and recent developments within the United States.

  • The Buyers Information Service industry has a long history dating back to the early 20th century when the first consumer reports were published. These reports were aimed at providing consumers with unbiased information about products and services. In the 1960s, the industry saw a significant shift towards computerized databases, which allowed for more efficient and accurate information gathering and dissemination. The advent of the internet in the 1990s brought about another major shift in the industry, with the emergence of online databases and search engines. In recent years, the industry has continued to evolve, with a focus on providing more personalized and customized information to consumers. In the United States, the Buyers Information Service industry has seen significant growth in recent years, driven by the increasing demand for information and the growing importance of data in decision-making. The industry has also benefited from the rise of e-commerce and the increasing use of online platforms for research and purchasing. In particular, the industry has seen strong growth in the areas of market research, competitive intelligence, and data analytics. Overall, the industry is expected to continue to grow in the coming years, driven by the increasing importance of data and information in the digital age.

Future Outlook for Buyers Information Service

The anticipated future trajectory of the NAICS 812990-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The Buyers Information Service industry is expected to continue its growth in the USA in the coming years. The industry is expected to benefit from the increasing demand for information services, as well as the growing trend of online shopping. The industry is also expected to benefit from the increasing use of big data and analytics, which will help companies to better understand their customers and improve their marketing strategies. However, the industry may face challenges from the increasing competition from other information service providers, as well as the growing concerns over data privacy and security.

Industry Innovations for NAICS Code 812990-06

Recent groundbreaking advancements and milestones in the Buyers Information Service industry, reflecting notable innovations that have reshaped its landscape.

  • Buyer Behavior Analytics: Companies are increasingly using big data and analytics to better understand their customers and improve their marketing strategies. This includes analyzing customer behavior, preferences, and purchase history to provide personalized recommendations and improve customer engagement.
  • Mobile Apps: Many companies are developing mobile apps to provide customers with easy access to information and services. These apps can provide real-time updates on product availability, pricing, and promotions, as well as allow customers to make purchases and track their orders.
  • Social Media Integration: Companies are integrating social media into their marketing strategies to reach a wider audience and engage with customers. This includes using social media platforms to promote products and services, as well as to provide customer support and respond to feedback.
  • Artificial Intelligence: Some companies are using artificial intelligence to automate customer service and improve the customer experience. This includes using chatbots and virtual assistants to provide instant support and answer customer questions.
  • Blockchain Technology: Blockchain technology is being used to improve data security and privacy in the information service industry. This technology can help to prevent data breaches and ensure that customer information is kept secure and confidential.

NAICS Code 812990-06 - Buyers Information Service

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