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Smart Parking Solution for Smart Cities

Smart Parking is a term that just cannot be missed if the talk is about smart cities.It is one of the most important, as well as one of the most basic solutions required in the implementation of a smart city. But what actually smart parking is. According to the common conception, it is a solution that involves the use of sensors to track the availability of parking spaces.

But is the solution of Smart Parking limited to that? Or is there more to it? No solution is ever perfect they say, there is always a scope of innovation.

Now the basic question that arises is – Is there really a need for smart parking? And the answer is yes, there is, definitely. Because the search for parking in busy urban centers is frustrating for the driver and it certainly intensifies congestion on the roads, which further leads to an increase in pollution from circling cars. All this amounts to a lot of wastage of fuel and investment and money and that is what below infographic talks about:

Smart parking optimizes the parking space effectively, which further leads to the improvement of the efficiency of parking operations.

The data gathered from parking sensors cannot only enable real-time wayfinding but can also be used for predictive analytics. Like, the prediction of parking for the next few days. And once, the equation of prediction is brought in, the scope becomes unlimited.

The data can help in pre-determining the optimized price of a parking spot. A bit of cross-vertical data added to it can really make it advance and smart. Imagine the power of a solution that can predict the parking and the price of a parking spot not just based on the old data but also, according to the weather conditions, road conditions, nearby events or just by traffic intensity.

But how would citizens benefit from the same? Because after all, it’s the citizens that are the end customers.

The citizens can search for parking spaces based on point of interest or preferences in advance via a mobile app, can book the space and can also make the payments in advance. Now, isn’t that so convenient?

Cities on the other hand lower vehicle miles traveled and carbon emissions improving the environment, can help in improving the parking utilization and therefore, optimizing parking revenue through dynamic pricing

By using this common infrastructure, cities can reduce the cost and service fees associated with traditional parking deployments using existing parking structures in malls or public parking lots, for instance, to offset street parking shortages.

Now, the next step in smart parking that all the experts in the industry are pondering upon is – can smart parking be done without deploying sensors, because that would lower the cost spent on infrastructure. In fact, there are many solutions as well which are being considered like monitoring the parking via cameras. These cameras can also be used for Traffic and safety and security purpose. So, it will be a shared cost between various verticals.

Or probably if somehow, cities can motivate their citizens to be a part of it and start intimating the administrators whenever they occupy a parking spot by simply using a mobile app.

Smart parking – with or without sensors is definitely the need of the hour. It is required to optimize city’s operations

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