All the drivers go through the issue related to parking space daily. Smart parking solutions can enable owners to make better use of parking spaces available.

FREMONT, CA: All the public places including corporate campus, malls, universities, airport etc have parking spaces, and with increasing number of vehicles it has become more important to manage parking facilities in a proper way. With the help of real-time data, smart parking solutions can provide accuracy, and will also help in navigating the drivers without wasting their time and fuel.

Here are five reasons why parking availability is a must-have:

• Decrease operating costs and accelerate efficiency by 20 percent

The profitability of the business is directly affected by operating expenses. Parking lot and garage management is a high operating cost for most of the companies. In order to increase operating efficiency by 20 percent, businesses can adopt a smart parking solution. A key to smart parking is parking guidance technology. The technology uses infrared sensors and Bluetooth technology that are 99.9 percent accurate to monitor parking areas, identify open spaces, and lead drivers to them.

• Increase revenue opportunities through dynamic pricing

Smart parking solutions help the business owners to understand driver trends and maximize existing spaces to increase profits during low periods. Business owners can capitalize on revenue opportunities, with Parking Sense’s real-time data management system.

• Reduce driver frustration & find parking 50 percent faster

People, on average, spend more than 15 hours per year searching for parking, resulting in a cost of US $345 per driver in wasted time, fuel, and emissions. Parking guidance technology can simplify the parking experience by minimizing the amount of time spent. On average, drivers pay 33 percent less time looking for parking in facilities utilizing smart parking technology.

• Cut down CO2 Emissions by 50 percent

A proper and modern parking facility will reduce CO2 emissions by 50 percent. If adequate parking guidance technology is installed, it will help the drivers to navigate appropriately and to get a proper parking slot without wasting fuel and time; on the other hand, it will also reduce the unhealthy CO2 emissions.

• Cloud-based solution for Future Proof Solutions

Before buying a parking management solution, make sure that the smart parking provider offers an open platform that allows for third party integrations and regular software updates so parking operators can continually provide next-level service. Buy the best one so it will be the last and best solution.

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