DRIVING
INNOVATION FORWARD
CASE STUDY - IMPORTANCE OF GUIDANCE FOR PARKING
OVERVIEW
Everyday, motorists around the world are circling crowded parking lots and streets looking for an open spot, wasting valuable time and fuel. PAZE is a next-generation parking solution that provides real-time parking availability information to motorists so they can plan their commute ahead of time
PAZE determines occupancy using machine vision and machine learning technologies by parsing live streams of data from security cameras installed in parking assets. Other sources of data are Paze app users, other parking management companies, and AI predictive models. This occupancy information is then presented real-time to commuters through PAZE parking guidance app.
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CURRENT PROBLEMS
Several study results at several parts of the world reveal the same set of issues
It is clear that drivers get annoyed during this whole parking exercise which creates business issues for parking managers and business entities.
WASTAGE OF TIME
A lot of time wasted in looking for an open space to park in a parking lot or street
LITTLE TO NO GUIDANCE
Usually drivers do not know where to park, they hope to find a parking space by just driving around
LIMITED PAYMENT OPTIONS
Mostly cash is collected, or drivers are asked to go to a kiosk to use their card. Phone payment is not universal yet.
NO STATISTICAL DATA
Lack of statistical parking data is a problem for governments in planing the expansion of cities
