Proof of Usefulness Report

Iottech Oy

Analysis completed on 2/27/2026

+68
Proof of Usefulness Score
You're In Business

Iottech Oy is a verifiable Finnish company offering Structural Health Monitoring (SHM) hardware and software (Opus Light, Opus SHM). While the project addresses a critical real-world problem (infrastructure safety) and has generated verifiable revenue (~€258k in 2024), the submission quality is critically poor. The application contains factually false claims (e.g., 'most people have used my product', 'audience reach: everyone') and mislabeled financial data. Furthermore, external data indicates a sharp 60% decline in revenue from 2023 to 2024 and a negative profit margin. The score reflects a legitimate but struggling small business hampered by a misleading and low-effort submission.

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Score Breakdown

Real World Utility+21.25
Audience Reach Impact+1.5
Technical Innovation+9.0
Evidence Of Traction+11.0
Market Timing Relevance+7.5
Functional Completeness+0.25
Subtotal+50.5
Usefulness Multiplierx1.15
Final Score+58

Project Details

Project URL
iottech.fi
Description
IOTTECH Oy is an innovative supplier of structural monitoring systems (SHM) and Internet of Things (IoT). We have designed and developed a wide range of measurement sensors, monitoring devices, software and solutions for a smarter and more connected world of infrastructure construction. The IOTTECH team develops certified SHM modules, sensors, IoT platform and software applications and provides consulting for different market segments worldwide. IoT and SHM have many applications in the field of infrastructure construction, such as buildings, roads, bridges, tunnels, dams, railways, wind farms, etc. With the help of IoT, the aim is to improve the security of assets, improve the operation of infrastructure systems, and reduce operating and maintenance costs and to improve remote structural monitoring and extend the life cycle of assets.

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