IFC meaning in Business ?

Answer: What is Industry Foundation Classes mean?

The Industry Foundation Classes (IFC) data model is intended to describe architectural, building and construction industry data.

It is a platform neutral, open file format specification that is not controlled by a single vendor or group of vendors. It is an object-based file format with a data model developed by buildingSMART (formerly the International Alliance for Interoperability, IAI) to facilitate interoperability in the architecture, engineering and construction (AEC) industry, and is a commonly used collaboration format in Building information modeling (BIM) based projects. The IFC model specification is open and available. It is registered by ISO and is an official International Standard ISO 16739-1:2018.

Because of its focus on ease of interoperability between software platforms, the Danish government has made the use of IFC format(s) compulsory for publicly aided building projects. Also, the Finnish state-owned facility management company Senate Properties demands use of IFC compatible software and BIM in all their projects. Also the Norwegian Government, Health and Defense client organisations require use of IFC BIM in all projects as well as many municipalities, private clients, contractors and designers have integrated IFC BIM in their business.

reference

Full Form	Category
Integrated Furnace Control	Academic & Science
International Finance Corporation	Bank
Corporación Financiera Internacional	Business
Interchange Financial Services Corporation	Business
Industry Foundation Classes	Business
Iowa Fried Chicken	Business
Intact Financial Corporation	Business
International Financial Cooperation	Business
Indian Food Corporation	Business
Industrial Fumigant Company	Business
Independent Film Channel	Community
Irving Fisher Committee	Community
Indigenous Family Centre	Community
Intellectual Freedom Committee	Community
Ignore File Check	Computing
Interface Cable	Computing
Interface Clear	Computing
Input Flow Control	Computing
Ireland France Cable	Computing
Immersion Foundation Classes	Computing
Intel Fortran Compiler	Computing
InfinityCash	Cryptocurrency
Infinitecoin	Cryptocurrency
Instantaneous Fuel Consumption	General
Idling Fuel Consumption	General
Integrated Fuel Control	General
Indonesia Fiat Club	General
Indonesia Fortuner Community	General
Interactive File Controller	General
Iron From California	General
Industry Foundation Class	General
IMX Fan Club	General
International Finace Center	General
I Forgot Cheetos	General
International Film Channel	General
Interim Flight Clearance	General
Independent Film Channel–the	General
Integrated Frame And Cover	General
In Flight Connectivity	General
Individual Folding Carton	General
Intelligent Flexible Cloud	General
Issued For Construction	General
Intercontinental Federation Champions	Governmental
Intra Fraternity Council	Governmental
Inter Fraternal Council	Governmental
International Firestop Council	Governmental
Inter Faith Council	Governmental
Inter Fraternity Council	Governmental
International Folkdance Camp	International
International Fried Chicken	International
International Fire Code	International
International Feature Conference	International
International Financial Centres	International
International Fire Consultants	International
Internet Foundation Classes	Internet
International Financial Centre	Messaging
International Financial Center	Messaging
International Finance Centre	Messaging
International Finance Center	Messaging
Intelligence Fusion Center	Military and Defence
Item for Collection	Military and Defence
Irish Folklore Collection	Regional
Irish Folklore Collec	Regional