3 min read.

Author: Justin Powell, Regional President, Western Canada

Embracing the rapid evolution of parking technology, innovative solutions continue to reshape the landscape of parking facilities worldwide. Here, we explore ground-breaking technologies poised to redefine the parking industry in 2024 and the coming years.

1.     AI-Powered Insights

Utilizing artificial intelligence (AI) goes beyond mere efficiency; it enhances customer experience and operational decision-making. From a Business Intelligence Platform predicting trends to Automatic License Plate Recognition (ALPR) shaping strategic decisions, AI offers multifaceted benefits for parking management.

2.     Blockchain Transparency

Blockchain technology introduces transparency, security, and efficiency to parking transactions. Acting as a node, it shares vital information, such as parking fees and available spots. This decentralized approach fosters trust and streamlines processes, creating a more accountable parking network.

3.     Augmented Reality Driving Experience

 Augmented reality (AR) transforms the parking experience by providing real-time visual guidance. AR-based parking assistance systems offer drivers optimal paths, detect obstacles, and enhance safety. The integration of AR introduces an interactive and visually enriched dimension to parking operations.

4.     Quantum Computing's Predictive Insights

While quantum computing is on the horizon, its potential impact on parking operations is noteworthy. Predicting traffic patterns, congestion, and optimizing maintenance schedules, quantum computing offers real-time calculations to enhance efficiency and reduce downtime.

5.     5.IoT-Optimized Parking Stalls

Internet of Things (IoT) technologies optimize parking space utilization, reduce costs, and improve security. Real-time monitoring, detection of unauthorized vehicles, and customer guidance to available spaces characterize IoT-based parking systems, providing a holistic solution for modern parking facilities.

6.     Virtual Reality for Smart Navigation

Virtual reality (VR) finds application in pre-launch testing and customer service. Conducting virtual test drives ensures system functionality, while VR-based customer service introduces a two-way audio-visual connection, providing a futuristic and efficient customer experience.
 

7.     Advanced Robotics for Seamless Operations

Advanced robotics revolutionize parking operations by offering a human-free automated experience. From robotic valets to automated parking solutions, robotics navigate vehicles, reduce human intervention, and ensure the overall care of customers' vehicles, fostering a frictionless parking experience.

8.     Neuromorphic Computing for Swift Vehicle Identification

Applied in parking systems, neuromorphic computing facilitates advanced image recognition for swift and accurate identification of vehicles, license plates, and potential security threats. This technology promises a new dimension in cognitive computing for parking solutions.

As the parking industry adopts these cutting-edge technologies, facilities evolve into intelligent, secure, and interconnected hubs, ushering in the future of parking experiences.

References

AI-based Smart Parking Solutions: Parking Telecom Blog. Parking Telecom. (2020, April 1).

R, P. (2022, December 21). IOT in Smart Parking Management: Benefits, Challenges & Potential. Intuz.

Henry, T. (2023, February 28). The future of parking: Top 3 trends that are shaping car parking operations. Parking Concepts Inc.

Singla, K. (2023, March 14). Virtual showrooms, driving simulations, more: How VR and AR can refine automotive industry. News.

Chang, Z. (2023, April 28). Quantum Computing in the automotive industry: Potential impacts and opportunities - blog. VicOne.

Robertman, O. (2023, September 19). How is augmented reality used in the automotive industry?: Eastern peak. Eastern Peak - Technology Consulting & Development Company.