Proof of Usefulness Report

IoTfy

Analysis completed on 1/24/2026

+396

Proof of Usefulness Score

Certified Problem Solver

IoTfy is a verified, revenue-generating IoT PaaS company (approx. $5M+ annual revenue, exceeding the calibration baseline of $2M). Despite a low-quality submission (containing hyperbolic claims like 'most people' and errors like 'SwiftForge'), external verification confirms strong traction with 50+ OEM clients (e.g., Orient, Syska) and dominance in the Indian smart appliance market. The score reflects high utility and confirmed traction, heavily penalized for response quality.

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Score Breakdown

Real World Utility+106.25

Audience Reach Impact+75

Technical Innovation+52.5

Evidence Of Traction+106.25

Market Timing Relevance+35

Functional Completeness+2.5

Subtotal+377.5

Usefulness Multiplierx1.05

Final Score+396

Project Details

Project URL

iotfy.co

Description

IoTfy is a cloud platform(PAAS) for Internet of things. Think of us as Wordpress for IoT. \n\nWe enable product developers \u0026 enterprises with:\n\n1. Quick setup of cloud backend for their IoT products (with no coding)\n2. Easy integration with other 3rd Party Web APIs\n3. App/Recipe stores for app distribution\n\nIoTfy as a platform provides a reliable cloud backend and a secure two way messaging channel. By using IoTfy’s SDKs and libraries that are available for various hardware platforms, hardware and device manufacturers can quickly enable their devices to leverage the power of IoTfy.\n\nAlong with this, IoTfy’s REST APIs Framework helps device manufacturers to access data coming from their devices and also help them to connect with other 3rd party internet services.\n\nThe way we have designed IoTfy, we believe IoTfy has potential to disrupt the IoT space in a manner similar to how Wordpress disrupted the web publishing space.

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