That looks like a useful tool. Identifying actual competitors is not as easy as it sounds, especially when one wants to start a new business. As far as I'm concerned I launched several SaaS businesses and everytime I've only been able to have a clear view of the competition after at least 6 months...

And then once entrepreneurs find their competitors on your platform, they can track them on social media thanks to my platform: https://kwatch.io :)

Good luck with the launch!