Proof of Usefulness Report

Norasys AB

Analysis completed on 2/9/2026

+18
Proof of Usefulness Score
You're In Business

Norasys AB appears to be a small engineering consultancy established in 2018. The submission suffers from significant credibility gaps, particularly the claim that 'most people' have used their product and an audience reach of 'everyone,' which contradict the small team size (6) and ambiguous financial metrics ('marketcap: 500000'). While the focus on IoT and AI is relevant, the lack of specific case studies, the confusion between revenue and market cap, and the hyperbolic claims result in a low Proof of Usefulness score suitable for a venture with minimal verifiable traction.

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Score Breakdown

Real World Utility+20.0
Audience Reach Impact+10.0
Technical Innovation+20.0
Evidence Of Traction+10.0
Market Timing Relevance+70.0
Functional Completeness+5.0
Subtotal+19.75
Usefulness Multiplierx0.91
Final Score+18

Project Details

Project URL
Description
Norasys is an engineering and consulting company that develop solutions which will have a positive impact on human life style. The company was founded in Stockholm, Sweden in 2018 by a dedicated and motivated group of engineers with expertise in core embedded systems designs and Information Technology. Our vision is to become a reliable partner for OEM and service providers, in their quest for delivering a prefect product and services. Internet of Things “IoT” expertise: Norasys offers IoT Consulting Services, System Integration, Re-Engineering and IoT Security. We recognize the broader business needs & environment of our clients and leverage our combined knowledge of business, technology, processes and global delivery expertise to offer customized solutions for our customers. Artificial Intelligence: The decision making has always been human centric, with our expertise in Machine Learning “ML” and Artificial Intelligence “AI” we are enabling the machines perform better. AI leverages enormous computing power and advanced mathematics to make informed decisions and deliver the set organizational goals & objectives. Re-engineering: Manufacturers are pursuing sophisticated demands from both the consumers and businesses. The buyers insist on latest technologies, enhanced designs, improved materials, superior quality and enriched user experience in products. As a result, product companies are continuously in the process of innovation, re-engineering, process optimization, localization, customization and cost rationalization to meet these demands. We are helping businesses align with these growing market demands from consumers with our re-engineering solution offerings. Digital Transformation: Technological disruption and adoption of latest methodologies has gained a foothold in every other company globally. IoT , Artificial Intelligence, Edge Computing, Cybersecurity, Augmented Reality/ Virtual Reality and Cloud Computing are enabling new business processes.

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