Proof of Usefulness Report

Parkeet

Analysis completed on 2/26/2026

+42
Proof of Usefulness Score
You're In Business

The project URL points to a legitimate-looking B2B IoT parking solution, but the submission data is heavily degraded by hyperbolic and false claims (e.g., 'most people have used my product', 'audience reach: everyone'). The input demonstrates a lack of effort and credibility, listing 'Internet' as the sole technology and providing a nonsensical revenue/market cap figure. While the underlying concept has utility, the submission fails to provide verifiable evidence of traction or professional execution.

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Score Breakdown

Real World Utility+70.0
Audience Reach Impact+5.0
Technical Innovation+20.0
Evidence Of Traction+5.0
Market Timing Relevance+50.0
Functional Completeness+5.0
Subtotal+28
Usefulness Multiplierx1.15
Final Score+32

Project Details

Project URL
Description
Parkeet is a smart parking management system that combines highly efficient wireless IoT sensors and a software platform to help you monitor and analyse how your parking spaces are used.

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