ANZSIC groups every kind of economic activity, from cleaning services to agriculture to software publishing, into a consistent industry code. It is maintained jointly by the two countries' statistical agencies and updated periodically to reflect how the economy changes. Governments, regulators, and many software systems use ANZSIC codes as the standard way to describe what industry a business is in.
Why software uses it beyond statistics
Because ANZSIC is granular and standardised, it is useful for more than government reporting. Software that needs to tailor itself to a business's industry (the right terminology, the right default metrics, the right regulatory context) can use a business's ANZSIC code as a reliable signal, rather than asking the business to describe its own industry in free text.
Nuromi asks for an ANZSIC classification during onboarding and uses it silently in the background, to select the right vocabulary and relevant default metrics for a business's industry, without ever labelling the business's industry back at it in the product. The classification personalises the experience; it is not displayed as a category tag.