Proof of Usefulness Report

AvanTech Inc.

Analysis completed on 2/20/2026

+57
Proof of Usefulness Score
You're In Business

AvanTech Inc. is a legitimate, established Canadian software firm (operating ~20 years) serving the Oil & Gas sector with verifiable clients (e.g., Victory Well Servicing). However, the project submission suffers critically from poor data quality (e.g., claiming 'everyone' as the audience and 'most people' have used it). While the real-world utility for its niche is high, the submission's lack of serious metrics and the disconnect between the claimed 'MysticForge' name and the corporate description suggests a low-effort entry for a legacy SME, rather than a high-growth technology project.

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Score Breakdown

Real World Utility+20.0
Audience Reach Impact+4.8
Technical Innovation+7.5
Evidence Of Traction+12.0
Market Timing Relevance+5.0
Functional Completeness+0.5
Subtotal+49.8
Usefulness Multiplierx1.15
Final Score+57

Project Details

Project URL
Description
AvanTech Inc. applies 20 years of creating scalable, customized SaaS Solutions to Digitally Manage Businesses Efficiently. From Oil and Gas Field Ticketing & asset management to live data from IOT connections systems, we help to bridge the gap with Information Management for Tracking & Reporting Operations. Software Solution Packages include, but not limited to: • AvanTech IoT; Secured Cloud IoT Services & Platform to easily monitor, alarm and report on remote systems & sensors. • Electronic Tour Sheets (ETS); Out MobileETS product allow Digital Rig & Well Service Tickets with HSE Reporting to effectively document Field Activity and Invoice Electronically with the Operator. • AssetIntel; Asset Management, Equipment Maintenance, Certifications, Rental and Detailed Reports. • TIMS; Tubular Inventory & Inspection Management System. Control, Track & manage all of your tubular inventory. AvanTech combines these products with any customizations you need to integrate your own business and operations into a seamless product and user experience. All of our products are easily accessible as web apps and ETS mobile specifically, operates offline in the field for users to use anytime, anywhere. Our IoT platform enables you to track and keep up on any remote equipment with dashboards, alarms and notifications anytime something Our vision: Avantech's products and services improves our customer's existing business processes through intelligent and innovative technology solutions.

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline