Proof of Usefulness Report

Iotics

Analysis completed on 2/10/2026

+268
Proof of Usefulness Score
Gaining Momentum

The project 'Iotics' refers to a verifiable Australian industrial automation consultancy (IoTics Pty Ltd) founded in 2016. While the underlying business is legitimate, established (approx. 27 employees, not the claimed 125), and profitable, the submission itself is of extremely low quality. It contains nonsensical data (revenue listed as 'all time marketcap', audience as 'everyone') and blatantly false traction claims ('most people have used my product'). The score reflects the solid real-world value of the verifiable business, significantly penalized for inaccurate and unprofessional submission data.

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Score Breakdown

Real World Utility+21.25
Audience Reach Impact+2.00
Technical Innovation+6.75
Evidence Of Traction+7.50
Market Timing Relevance+7.50
Functional Completeness+0.25
Subtotal45.25 (Base 0-100 Weighted Sum)
Usefulness Multiplierx0.99 (Variance)
Final ScoreNaN

Project Details

Project URL
iotics.com.au
Description
IoTics delivers a transformational impact to every customer through helping them innovate into a digital future and smarter world. We are a world-class digital engineering company with a passion for Internet of Things, secure remote connectivity, and industrial automation. Our expert team work closely with businesses that are passionate about implementing technology for future sustainability and insight through gaining a detailed understanding of your processes, challenges and requirements. We are a proud culture driven company strongly focussed on continuous self-development, comradeship, equality, safety and celebrating success. IoTics also support our customers providing rapid industrial control system service support through our fleet of highly skilled technical and electrical experts. Contact us today to learn how IoTics can bring exceptional value to your organisation.

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