AI algorithm predicts startup success
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Test4startup uses an algorithm to test business idea strength in current markets and against competitors, generating feedback and advice.
We’ve seen how algorithms are being used to help build strong startup teams, and now Test4startup can help founders test the ‘successability’ of their actual idea using artificial intelligence software.
Users begin by uploading an overview of their business aims. Test4startups then implements a keyword-based analysis that aggregates information relative to the specific market, providing infographics of competition, trends and pricing variation. Test4startups algorithm is then able to provide recommendations based on how a product or service compares to others — recommending a price reduction, for example. Startups can test their products and business ideas from USD 10, or for USD 15, they can also receive feedback from focus group professionals.
How else could algorithms be used to analyse context and provide feedback?