But it's not at all a numbers game if you only apply to companies where you have some human connection. For privileged people, that means a relative, family friend, or friend.
For others, who have no useful connections, it's possible to make these connections by cold-messaging people on LinkedIn, especially alumni from your school. I have friends who have done this right out of college and only applied to 3 or 4 companies before landing a job they loved.
I'd argue that a tool like this encourages and facilitates a dead-end method of applications.
EDIT: Let me rephrase this a different way. Sometimes, when you're not finding success, it's not because of too few attempts. It's because your conversion rate needs to be increased. In this case, the conversion rate of "send generic app" is very low, whereas the conversation rate of "tailor your app to the specific opportunity" is much, much higher.