I am thinking to build a consulting company that uses an agent-based ...

...modelling framework together with such a stander data science methods as machine learning. This can bring an insight on the underlying mechanisms when one models urban traffic or the interaction of heterogeneous users on en electric grid.

Confidence
Engagement
Net use signal
Net buy signal

Idea type: Minimal Signal

There’s barely any market activity - either because the problem is very niche or not important enough. You’ll need to prove real demand exists before investing significant time.

Should You Build It?

Not yet, validate more.


Your are here

Your idea of a consulting company leveraging agent-based modeling and data science falls into the 'Minimal Signal' category. This means there's limited market validation for this specific combination of services, as indicated by the low number of similar products (n_matches = 2). The description of this category indicates that is either a very niche or not important enough problem. The low engagement (avg n_comments = 1) on these similar products further suggests that the market hasn't yet shown strong interest or demand. Since there is not any net use or buy signal, there are no existing positive or negative signals. As such, proving demand will be critical before investing heavily. The existence of similar products indicates that the general idea is not entirely novel, but the specific combination of methods you're proposing may need further validation to confirm its market viability.

Recommendations

  1. Begin by identifying specific niches within urban traffic or electric grid management where your approach could offer unique insights. Given the 'Minimal Signal' category, focus on areas where existing methods fall short and where agent-based modeling can provide a distinct advantage.
  2. Post in online communities, forums, or LinkedIn groups where urban planners, traffic engineers, or energy grid operators gather. Clearly articulate the problems you aim to solve and how your unique approach (agent-based modeling combined with data science) brings added value compared to traditional consulting methods. Frame it as a question to encourage feedback.
  3. Offer to conduct a pilot project or a free initial consultation for 2-3 potential clients facing specific challenges in urban traffic or electric grid management. This hands-on approach will allow you to demonstrate the practical value of your services and gather valuable feedback on your methodology. Since there are not any explicit USE or BUY signals for similar products, this is the best way to obtain those directly.
  4. Create a concise explainer video showcasing how agent-based modeling works and its application to specific problems in your target industries. Share this video on relevant online platforms and track how many people watch it fully. This helps gauge interest without requiring significant upfront investment.
  5. Based on the Flowgen example, start with simpler workflows or process automations to demonstrate immediate value. Build confidence and expand into more complex agent-based modeling as you gain traction and customer trust.
  6. Solicit small deposits to create a waiting list for your consulting services. This tactic not only validates interest but also provides you with early-stage funding to support your initial efforts. If you can't find 5 people who are willing to pay even a small amount for your services, you might need to reconsider.
  7. Continuously gather feedback from your initial clients and pilot projects. Use this feedback to refine your methodology, service offerings, and marketing materials. Iterate quickly based on real-world experiences to increase the likelihood of success. As there is not criticism summary, this is a must.

Questions

  1. What specific limitations of current urban traffic or electric grid modeling methods can your agent-based approach overcome, and how can you quantify these advantages to potential clients?
  2. Given the limited initial market validation, what is your plan to efficiently generate leads and convert them into paying clients within the first 3-6 months?
  3. How will you differentiate your consulting services from traditional data science or engineering consulting firms, especially considering the niche nature of agent-based modeling?

Your are here

Your idea of a consulting company leveraging agent-based modeling and data science falls into the 'Minimal Signal' category. This means there's limited market validation for this specific combination of services, as indicated by the low number of similar products (n_matches = 2). The description of this category indicates that is either a very niche or not important enough problem. The low engagement (avg n_comments = 1) on these similar products further suggests that the market hasn't yet shown strong interest or demand. Since there is not any net use or buy signal, there are no existing positive or negative signals. As such, proving demand will be critical before investing heavily. The existence of similar products indicates that the general idea is not entirely novel, but the specific combination of methods you're proposing may need further validation to confirm its market viability.

Recommendations

  1. Begin by identifying specific niches within urban traffic or electric grid management where your approach could offer unique insights. Given the 'Minimal Signal' category, focus on areas where existing methods fall short and where agent-based modeling can provide a distinct advantage.
  2. Post in online communities, forums, or LinkedIn groups where urban planners, traffic engineers, or energy grid operators gather. Clearly articulate the problems you aim to solve and how your unique approach (agent-based modeling combined with data science) brings added value compared to traditional consulting methods. Frame it as a question to encourage feedback.
  3. Offer to conduct a pilot project or a free initial consultation for 2-3 potential clients facing specific challenges in urban traffic or electric grid management. This hands-on approach will allow you to demonstrate the practical value of your services and gather valuable feedback on your methodology. Since there are not any explicit USE or BUY signals for similar products, this is the best way to obtain those directly.
  4. Create a concise explainer video showcasing how agent-based modeling works and its application to specific problems in your target industries. Share this video on relevant online platforms and track how many people watch it fully. This helps gauge interest without requiring significant upfront investment.
  5. Based on the Flowgen example, start with simpler workflows or process automations to demonstrate immediate value. Build confidence and expand into more complex agent-based modeling as you gain traction and customer trust.
  6. Solicit small deposits to create a waiting list for your consulting services. This tactic not only validates interest but also provides you with early-stage funding to support your initial efforts. If you can't find 5 people who are willing to pay even a small amount for your services, you might need to reconsider.
  7. Continuously gather feedback from your initial clients and pilot projects. Use this feedback to refine your methodology, service offerings, and marketing materials. Iterate quickly based on real-world experiences to increase the likelihood of success. As there is not criticism summary, this is a must.

Questions

  1. What specific limitations of current urban traffic or electric grid modeling methods can your agent-based approach overcome, and how can you quantify these advantages to potential clients?
  2. Given the limited initial market validation, what is your plan to efficiently generate leads and convert them into paying clients within the first 3-6 months?
  3. How will you differentiate your consulting services from traditional data science or engineering consulting firms, especially considering the niche nature of agent-based modeling?

  • Confidence: Low
    • Number of similar products: 2
  • Engagement: Low
    • Average number of comments: 1
  • Net use signal: 90.0%
    • Positive use signal: 90.0%
    • Negative use signal: 0.0%
  • Net buy signal: 0.0%
    • Positive buy signal: 0.0%
    • Negative buy signal: 0.0%

This chart summarizes all the similar products we found for your idea in a single plot.

The x-axis represents the overall feedback each product received. This is calculated from the net use and buy signals that were expressed in the comments. The maximum is +1, which means all comments (across all similar products) were positive, expressed a willingness to use & buy said product. The minimum is -1 and it means the exact opposite.

The y-axis captures the strength of the signal, i.e. how many people commented and how does this rank against other products in this category. The maximum is +1, which means these products were the most liked, upvoted and talked about launches recently. The minimum is 0, meaning zero engagement or feedback was received.

The sizes of the product dots are determined by the relevance to your idea, where 10 is the maximum.

Your idea is the big blueish dot, which should lie somewhere in the polygon defined by these products. It can be off-center because we use custom weighting to summarize these metrics.

Similar products

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