Companies can misreport their activities, by selecting the wrong SIC code. We have solved this issue.
RTICs are great for the emerging economy. For the foundational economy, where there is more likely to be an appropriate SIC, an issue remains. A company can choose the wrong SIC code, or the SIC code they've selected does not match their activities.
We fixed this issue. Real-Time Standard Industrial Classifications (RSICs) use machine learning and a company's website text to better classify company's activities.
For example, Veolia is a large waste management and recycling company. Because they are large, they report activities of head offices. A better description of their activities is provided through RSICs (and RTICs): collection of non-hazardous waste and treatment and disposal of non-hazardous waste.
RSICs follow the same structure as SICs.
You can read more about RSICs here.