Proof of Usefulness Report

Code Waves AB

Analysis completed on 2/27/2026

+19
Proof of Usefulness Score
You're In Business

Code Waves AB appears to be a standard software consultancy based in Sweden, but the submission is heavily impacted by unverifiable and exaggerated claims. While the domain exists and offers relevant services (AI, Data Science, IoT), the claim that 'most people have used my product' is demonstrably false for a 2023-launched consultancy. The financial metric labeled 'marketcap' (2.5M) likely refers to revenue in SEK, which would be ~240k USD—insufficient to support the claimed 30-person team at Swedish market rates, suggesting the team size is either exaggerated or consists of unpaid/student roles. The discrepancy between the high-level claims ('everyone' audience) and the likely reality (small B2B agency) results in a low score.

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Score Breakdown

Real World Utility+8.0
Audience Reach Impact+0.5
Technical Innovation+2.4
Evidence Of Traction+1.25
Market Timing Relevance+7.0
Functional Completeness+0.25
Subtotal+19.4
Usefulness Multiplierx0.98
Final Score+19

Project Details

Project URL
Description
At Code Waves AB - Sweden, we are riding the crest of the technology wave, helping businesses harness the power of Artificial Intelligence and Data Science to transform their operations. With a presence in the picturesque landscapes of Sweden, we are your go-to partner for cutting-edge technology solutions. What We Do: 📌AI and Data Science: At the heart of our expertise is the realm of Artificial Intelligence and Data Science. We empower businesses with advanced data-driven insights, predictive analytics, and machine learning models. 📌Data Analytics Solutions: Data is the new currency. We help you turn your data into actionable insights, providing you with a competitive edge in your industry. 📌Machine Learning: We help your businesses to create predictive models, automate data analysis, and make data-driven decisions without needing deep machine learning expertise. 📌Software Development: Our team of skilled developers crafts software solutions that are not only functional but also elegant. We tailor software to your specific needs, ensuring it aligns perfectly with your business goals. 📌Embedded Software Solutions: We excel in embedded systems, where hardware and software meet to create innovative, real-time applications that push the boundaries of what's possible. 📌Cloud Computing and Strategy: We help you navigate the cloud with ease. Our experts architect robust cloud solutions and strategies to optimize your digital infrastructure. 📌IoT: In the age of connectivity, we lead the way in Internet of Things (IoT) development, enabling you to build smart, connected solutions for a brighter future. Why Code Waves : Code Waves AB in Sweden is your innovation partner. Our passionate tech experts are dedicated to your success. Based in Sweden, we combine Scandinavian precision with a global vision. 🤝 Connect with us for a tech-driven journey to elevate your business.

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