Smart Space and IoT Monetization: Car Parks
Following the last article about the applications of IoT technologies in shopping malls, we will share how car parks leverage IoT technologies to achieve full profit potential from parking spaces.
Analyzing IoT data collected across different car parks allows managers to identify the optimal balance of capacity, price and demand. Car park management teams can quickly adjust the most profitable mix of offerings based on utilization rate, demand fluctuation and market forecast.
With real-time tracking of vacant parking space, drivers can quickly locate available parking spots. Parking availability system significantly reduces waiting queues and hence elevating parking experiences and attracting more drivers as a result.
Talk to our IoT specialists to start increasing profit from your car park assets.
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