No-stopping zone Technology-driven change comes to parking
Parking is inextricably linked to broader patterns of how people and goods move around—and those patterns are in the midst of transformative change. Driven by a series of converging forces (see figure 1), the entire way we get from point A to B is evolving.7 The result could be a new mobility ecosystem that provides faster, cheaper, cleaner, safer, and more efficient transportation than today. Already, advances in vehicle connectivity, smart infrastructure, and IoT applications are changing the possibilities for parking . Sensor-equipped physical assets, such as garages and street meters, can offer operators real-time space availability and maintenance-needs updates, while feeding digital aggregator platforms with pricing data and licenseplate recognition-based payment systems. For the consumer, such features can reduce search times and create a more seamless experience. For operators, it can enable more efficient use of assets and increase revenue by reducing the number of customers w...