Proof of Usefulness Report

Ignyte IQ

Analysis completed on 1/23/2026

+43
Proof of Usefulness Score
You're In Business

Ignyte IQ is a legitimate B2B analytics platform for DTC brands, established in 2019 by an IIT alumni. However, the submission provided incredibly poor and factually incorrect data, claiming the audience is 'everyone' and that 'most people have used my product.' These hyperbolic claims severely damaged the score. While external verification confirms the project exists and has some utility, the lack of verifiable traction data in the submission and the false claims relegate it to the 'Minimal Traction' category.

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Score Breakdown

Real World Utility+18.75
Audience Reach Impact+1.00
Technical Innovation+9.00
Evidence Of Traction+2.50
Market Timing Relevance+6.00
Functional Completeness+0.25
Subtotal+37.5
Usefulness Multiplierx1.15
Final Score+43

Project Details

Project URL
ignyteiq.com
Description
We are an early-stage technology startup building an AI-powered platform for automated business analysis. Our product automatically detects most important changes in business metrics and KPIs, finds causal explanations, and provides actionable business intelligence. Our machine learning algorithms detect anomalies, emerging trends, hidden patterns, and causal relationships in complex datasets. \n\nFounded by an IIT alumni, our company culture emphasizes autonomy, individual responsibility, ownership, and integrity. If you are a tenacious problem solver, think from first principles, fast learner, and doesn’t shy away from challenges you are going fit right in!

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