Proof of Usefulness Report

FactoryIQ

Analysis completed on 2/26/2026

+184
Proof of Usefulness Score
Gaining Momentum

The project represents a legitimate B2B industrial IoT solution with clear utility for manufacturing SMEs. However, the evaluation is heavily penalized by a low-quality submission that includes obviously false claims regarding traction ('most people have used my product') and audience reach. While the underlying technology and business partnership (TCMUK & 4C Software) appear credible, the specific evidence provided in this form is unreliable.

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Score Breakdown

Real World Utility+75.0
Audience Reach Impact+10.0
Technical Innovation+50.0
Evidence Of Traction+5.0
Market Timing Relevance+65.0
Functional Completeness+5.0
Subtotal+210
Usefulness Multiplierx0.88
Final Score+184

Project Details

Project URL
Description
Going digital neednโ€™t be complex or expensive. Whatever your size, FactoryIQ brings you the benefits of IoT, allowing you to improve efficiency and productivity, keep your customers happy and increase your profitability. The rise of Internet of Things (IoT) has given the manufacturing industry a whole new challenge. Weโ€™ve been forced to adapt our processes, not only that but we have to invest heavily in new technology. Small and mid-sized businesses want to take advantage of IoT, but they donโ€™t know where to start without breaking the bank. You donโ€™t have to break the bank in order to take advantage of IoT and reap the benefits. With FactoryIQ you can monitor all aspects of your Manufacturing Operations in real-time and make improvements for better Efficiency and On Time Delivery. BENEFITS ๐ŸŸ  Improved On-Time in Full (OTIF) ๐Ÿ”ธ More efficient scheduling of work throughout the factory ๐Ÿ”ธ Scheduled back from due date, then forward using asset availability. ๐ŸŸ  Better Use of Assets ๐Ÿ”ธ Increased visibility into shop floor processes ๐Ÿ”ธ Status of each asset / work centre ๐Ÿ”ธ Accessible anywhere with an internet connection ๐Ÿ”ธ Central database ๐ŸŸ  Empowered and Engaged Operators ๐Ÿ”ธ Start/stop jobs and record OEE events. ๐ŸŸ  Correct Documents Mean Fewer Mistakes. ๐Ÿ”ธ Centralised document store ๐Ÿ”ธ Orders, Drawings, Datasheets, H & S ๐Ÿ”ธ โ€˜One Truthโ€™ โ€“ everyone works with the original, common document rather than out of date copies. ๐ŸŸ  Go Paperless ๐Ÿ”ธ Cut the costs of paper and printing. ๐Ÿ”ธ Increase Visibility ๐Ÿ”ธ Live Links ๐Ÿ”ธ Improved Communication ๐ŸŸ  Informed Salespeople = Increased Sales ๐Ÿ”ธ Gaps in the production schedule can be used to support Sales in pursuing work to fill those gaps. ๐ŸŸ  Efficiency Improvements have a Direct, Positive Impact on the Bottom Line ๐Ÿ”ธ Increased output from existing resources ๐Ÿ”ธ Less waste ๐ŸŸ  Digital Visual Management ๐Ÿ”ธ Improved Problem Solving ๐Ÿ”ธ Improved Accountability Email: contact@factory-iq.co.uk

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