Proof of Usefulness Report

i3Systems

Analysis completed on 1/23/2026

+328
Proof of Usefulness Score
Certified Problem Solver

i3Systems is a legitimate, established InsurTech company in India (founded 2016) with verifiable traction (5M+ claims processed, ~$4M funding, ~$1M ARR). The submission contains significant inaccuracies (claiming 'everyone' as audience, confusing valuation of ₹67.1 Cr with 6.7B 'marketcap', and stating 'most people' have used it). However, the core business is high-utility B2B automation with major clients (HDFC ERGO, Tata AIG). The score reflects strong underlying business fundamentals penalized by a low-quality submission.

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Score Breakdown

Real World Utility+90.0
Audience Reach Impact+52.0
Technical Innovation+45.0
Evidence Of Traction+70.0
Market Timing Relevance+34.0
Functional Completeness+3.0
Subtotal+294
Usefulness Multiplierx1.12
Final Score+328

Project Details

Project URL
Description
i3systems provides end-to-end intelligent automation products for deep automation of highly repetitive \u0026 data-intensive processes to help insurers \u0026 TPAs unlock their true potential \u0026 scale digital operations. Our products have ready-to-use NLP models called PowerBots and are packaged on an intelligent automation platform - PowerAI. \n\n• PowerAI is an integrated platform that combines OCR with advanced technologies like Natural Language Processing (NLP) and Machine Learning (ML) to extract, standardize and validate unstructured data, leading to faster and accurate processing. \n• PowerBots is a packaged suite that can consume raw data in the form of unstructured (free-text), semi-structured (invoices), and structured (ID-cards) data in real-time. \n\nOur Products Suite: \n• CliniAId- CliniAId is the newest addition to our suite of products for the insurance industry. It is an intelligent automation solution that enables insurers and TPAs to approve the COVID-19 claims in under 30 minutes by automating financial and medical adjudication. The solution is managed with components to manage the end-to-end claims process. \n• i3claim- i3claim is i3systems’ claim processing automation solution. It creates standardized data from a claim document set, received from 100,000+ hospitals in India, and makes an accurate decision on every claim with a short turnaround time which helps insurance companies settle claims faster and more accurately.\n• DataMD- DataMD performs underwriting process automation and is designed to digitize and analyse the medical data in diagnostic reports, irrespective of the format or medical nomenclature. It aims to increase the efficiency and accuracy of the underwriting process by boosting the productivity of the underwriting staff and enabling fraud identification and prevention.\n• DigiTariff and T-Bots- DigiTariff is i3systems’ standalone product to process hospital tariffs standardization and digitization. It converts complex tariff agreements into st

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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