Proof of Usefulness Report

Matrix IQ

Analysis completed on 2/20/2026

+574
Proof of Usefulness Score
Industry Mainstay

Matrix iQ is a verified, established UK-based telematics and fleet management company (operating since ~2002) with significant traction (51,000+ connected vehicles, ~£13M net assets). However, the project submission itself is of extremely low quality, containing demonstrably false claims (e.g., 'audience: everyone', 'traction: most people have used my product', 'team size: 350' vs verified ~45-50). The score reflects the strong underlying business fundamentals and real-world utility, heavily penalized by the poor accuracy and professionalism of the submission data.

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Score Breakdown

Real World Utility+212.5
Audience Reach Impact+64.0
Technical Innovation+90.0
Evidence Of Traction+175.0
Market Timing Relevance+60.0
Functional Completeness+2.5
Subtotal+604
Usefulness Multiplierx0.95
Final Score+574

Project Details

Project URL
Description
We’re bridging the gap between connected technology and intelligent insight by giving businesses the tools they need to track and analyse all of their telematics & IoT data on one platform. By doing so, we believe we can help businesses improve the safety of their employees, reduce their environmental impact and protect their business assets. To learn more, visit matrixiq.com.

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