What are RTICs?

Learn what RTICs are, why you can trust them and how they are used.

What is an RTIC?

Real-Time Industrial Classifications (RTICs) are The Data City's proprietary form of industrial classification, based upon web-scraped data and built using machine learning.

RTICs are a modern classification approach, unlike the traditional SIC system that relies on predetermined and static categories. They are based on how companies describe themselves on their websites .

The output is a dataset that gathers companies working in the same field. In this dataset, you will find all the data available for the companies in an RTIC. The data can be explored on the platform or downloaded.

Why can you trust RTICs?

Our RTICs are built not only by people who understand our data but alongside experts in their respective fields.

As an example, our various 'Space' RTICs (space economy, space energy, in-orbit space manufacturing etc.) were built in collaboration with the Satellite Applications Catapult. They helped us both build the taxonomy, as well as check which companies belonged in the training set.

Some of our RTICs were not built with our own internal experts. For example, Software Development was built in collaboration with our development team.

How can you use RTICs?

RTICs provide unique insights into emerging economies that SIC codes cannot.

View RTICs at a top level to get a glimpse into the sector as a whole, or combine them with filters to get a more refined view.

RTICs can be found under the RTICs section in the platform. 

Use location filters to get regional insights, or growth filters to find high-growth companies and much, much more.

This page offers an overview of all the RTICs available on the platform, including their definitions, creation date, latest update, number of companies, and details about the included verticals. These RTICs can be selected for further exploration using the EXPLORE function.