Proof of Usefulness Report

Ims Evolve

Analysis completed on 2/19/2026

+639
Proof of Usefulness Score
Category Standard

IMS Evolve is a verified, established IoT company (founded 1999) with significant enterprise traction (Tesco, Walmart) and over 8,000 deployment sites. While the submission itself contained low-effort and inaccurate data (e.g., 'most people have used my product', 'everyone' audience), external due diligence confirms high real-world utility in energy reduction and waste management. The score reflects the company's proven large-scale industrial impact ($10M+ est. revenue, ~100 employees), heavily penalized in the Response Quality metric for the lazy submission details.

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Score Breakdown

Real World Utility+210
Audience Reach Impact+120
Technical Innovation+90
Evidence Of Traction+175
Market Timing Relevance+70
Functional Completeness+7.5
Subtotal+672.5
Usefulness Multiplierx0.95
Final Score+639

Project Details

Project URL
Description
IMS Evolve is an Internet of Things (IoT) company reducing waste, maintenance costs and energy consumption for its customers with an innovative machine learning platform. The IMS Evolve platform delivers digital transformation without the need for costly capital investment by enhancing, not replacing, existing infrastructure. Giving customers estate-wide asset-level insights that enable monitoring and management of mission-critical refrigeration, lighting, security, ATM and HVAC infrastructure, the platform improves efficiencies and reduces waste through software-driven automation and action. Building IoT into the heart of its customer’s operations, the IMS Evolve data layer acquires, normalises, processes and translates data from legacy and new infrastructure into real-time, actionable intelligence. This approach that has been shown to deliver digital transformation and near instant return on investment without the requirements for costly capital investment for some of the world’s biggest companies in retail, energy and financial services. Founded in 1999, IMS Evolve’s clear mission is to innovate by improving business efficiency and enhancing the customer experience, all whilst making a positive change to a company’s environmental footprint. IMS Evolve is headquartered in the United Kingdom, and in 2017, successfully set up operations in North America to meet rapidly increasing demand. The 100-strong company now also has a large team working in Bentonville, Arkansas, and has deployed its solution in over 8,000 retail sites worldwide. In 2019, IMS Evolve was named as one of Britain’s fastest growing SME exporters.

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