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Resolving Parking System Challenges with AI

By CIOReview | Monday, February 10, 2020

AI-driven smart parking can lend a hand in solving the parking issues and decrease the inconvenience that is faced by the commuters.

FREMONT, CA: The congestion that is caused by the random vehicle parking has reached an alarming stage in today’s world. Smart parking steered by AI can help in bring down the quest for parking space and additionally help in managing the parking spaces efficiently. According to a recent study, in cities, about 30 percent of the traffic is because of the drivers and motorists that search for parking spaces.

With the growing number of vehicles and urban migration, availing a parking spot is an exhausting and frustrating affair. Since the traditional parking lots continue to dominate a large part, it gets challenging to establish any new set up for safe parking. The long-established methods are the reason that mishandles and maintains the vehicles with parking personnel, which might also be expensive.

Top Artificial Intelligence Consulting/Service Companiessmart parking system uses cameras and sensors to gather real-time data for measuring the parking occupancy. Smart parking can easily navigate the visitors to a free parking spot based on the information accumulated and stored in its system. Besides, it also helps in better management of the parking systems, bringing in improved revenues and time-saving techniques. AI-driven smart parking methods can analyze data like vehicular traffic, peak hour timings, vehicle type, and occurrences to picture future trends and provide a seamless parking experience round-the-clock.

With the help of digital payment methods, people can save time, and it can improve the operator in the parking space to efficiently run the area. Moreover, one of the essential challenges faced while executing an AI-based smart parking system is the vast variety of software and hardware, accompanied by the capital investment that is required.

The possibilities of implementing AI in car parking systems are endless, and businesses can only develop on technologies to provide better services, along with lesser operating expenses. A completely automated AI-driven robot-based parking system can use robots to park the vehicles as well by going wireless. A smart parking sector is an open business where organizations can capitalize and expand their potential. AI-driven smart parking systems can turn around the face of the industry and transform every method of parking services.

See also: Top Artificial Intelligence Companies