Proof of Usefulness Report

IoT Analytical

Analysis completed on 2/25/2026

+68
Proof of Usefulness Score
You're In Business

IoT Analytical appears to be a legitimate but early-stage or niche project founded in Canada in 2019, focused on smart home diagnostics and energy optimization. However, the submission suffers from critical credibility issues: the claim that 'most people have used my product' is demonstrably false and hyperbolic. The 'marketcap' figure of 2,500,000 is ambiguous (likely valuation or cumulative revenue) and low for a 30-person team over 5 years. While the problem addressed is real (IoT maintenance), the solution faces immense competition from giants like Amazon, Google, and specialized B2B players. The lack of verifiable traction evidence and the poor quality of the submission (ambiguous metrics, hyperbolic reach claims) heavily impact the score.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+55
Audience Reach Impact+10
Technical Innovation+40
Evidence Of Traction+5
Market Timing Relevance+40
Functional Completeness+20
Subtotal+125.5
Usefulness Multiplierx0.54
Final Score+68

Project Details

Description
IoT Analytical was founded in 2019 with the purpose of enhancing, empowering, and helping smart home solutions maintenance. IoT Analytical's mission is to diagnose errors in IoT networks instantly. It is designed in a way that all relevant data regarding each part of the smart home solution is collected, stored, and processed automatically. The user can easily access water, gas, and electricity consumption and receive live diagnosis analysis. IoT Analytical contributes significantly to the maintenance of smart homes and acts as a diagnosis tool. It also provides suggestions for reducing consumption and thus, helps to save the environment.

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