Thank you for Subscribing to CIO Applications Weekly Brief

Smart Parking Systems to Reduce Parking Challenges for Drivers

IoT-based vehicle trackers are mostly used by large-scale corporate organizations for fleet management. Later, when the advent of 5G makes the Internet of Things more accessible, parking lot technology would spread among car drivers and would also be used to manage daily commutes and reduce parking challenges.
FREMONT, CA: Finding parking spots in densely populated areas has become a real struggle because of the steady increase in car ownership. Searching for an available spot not only takes up potentially productive time but also increases the number of cars circulating the roads, which presents new challenges to the infrastructure.
As per a Smart Parking Institute survey, 42 percent of respondents voted in favor of the urgency of parking systems. However, thanks to a parking lot sensor system, connected platforms, and other IoT applications, drivers are now able to find out where the nearest parking spot is located or if it is occupied. In the near future, real-time parking maps would perhaps be commonplace.
Given the innovations that are already implemented in the field, here are some important smart parking applications:
Tracking Cars with Sensor Systems
IoT is the fundamental technology of vehicle tracking platforms. Tools like OBD sensors or GPS help collect location data on a fleet or a car and monitor the occupancy of parking lots. This information is then sent to the cloud gateway, processed and transferred to the network server. The data will be provided to drivers and car company managers in the form of comprehensible, clear insights.
See Also: Top Automotive Solution Companies
As for now, IoT-based vehicle trackers are mostly used by large-scale corporate organizations for fleet management. Later, when the advent of 5G makes the Internet of Things more accessible, parking lot technology would spread among car drivers and would also be used to manage daily commutes and reduce parking challenges.
Counter Systems
A connected counting system is capable of detecting when the vehicle enters and exits the car park. This way, IoT-based platforms would be able to offer drivers a real-time counter of available locations.
Facility managers may utilize counter systems to improve the productivity of the parking facility, ascertain customer flow trends and patterns, and forecast potential vehicle surges.
I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info
Featured Vendors
-
Jason Vogel, Senior Director of Product Strategy & Development, Silver Wealth Technologies
James Brown, CEO, Smart Communications
Deepak Dube, Founder and CEO, Datanomers
Tory Hazard, CEO, Institutional Cash Distributors
Jean Jacques Borno, CFP®, Founder & CEO, 1787fp
-
Andrew Rudd, CEO, Advisor Software
Douglas Jones, Vice President Operations, NETSOL Technologies
Matt McCormick, CEO, AddOn Networks
Jeff Peters, President, and Co-Founder, Focalized Networks
Tom Jordan, VP, Financial Software Solutions, Digital Check Corp
Tracey Dunlap, Chief Experience Officer, Zenmonics