Files with IFC extension refer to Industry Foundation Classes (IFC) file format that establishes international standards to import and export building objects and their properties. This file format provides interoperability between different software applications. Specifications for this file format are developed and maintained by buildingSMART International as its Data Standard.
JPEG 2000 (JP2) is an image coding system and state-of-the-art image compression standard. Designed, using wavelet technology JPEG 2000 can code lossless content in any quality at once. Moreover, without any substantial penalty in coding efficiency, JPEG 2000 have the capability to access and decode the same content efficaciously into a variety of other resolutions and qualities. The code streams in JPEG 2000 is significantly scalable having regions of interest that provide the facility for spatial random access. Possessing Up to 16384 diverse components with the dimensions in terapixels, and precision that can be high as 38 bits/sample.
You can also convert IFC into many other file formats. Please see the complete list below.