Covid 19 has redefined the way we live, commute and transact. The shared economy syndrome has been reset by the fear of the pandemic, providing a much needed relief of automotive manufacturers and throwing spanner in the works of operators like Uber and Ola. Although the desire and need for commute has reduced immediately, due to work from home options, door delivery of products and services, there is sure to be slow return to cautious commute, albeit using mostly private transport.
More than providing a parking space, municipalities, parking operators, establishments and malls would have to provide for contactless service to visitors, with advance booking options, e-payment for parking and visitors logs/e-register with vehicle and passenger details, as contact tracing and contactless transaction become the byword in the way we live and cope with the pandemic.
This puts the onus of defining a parking policy which regulates crowd, enabling contact tracing, contactless transactions with the municipal authorities.
Responsibility of Municipality:
Defining a parking policy which provides for regulating, managing, controlling the crowd will go beyond conventional methods. Following steps may be considered.
- Identifying, and publishing parking – both private and public
- Defining a parking policy which penalizes crowding with higher parking fees city centre
- Charging crowd tax to establishments with higher footfall through centralized tariff control of parking and visitor logs
- Part of fees charged by mall for parking to be paid to municipality as crowd tax
- Mandatory booking and transaction of parking using mobile apps and elimination of paper tickets and cash.
- Mandatory e-register of visitors to shops and establishments using mobile apps.
Revenue opportunity and crowd management through technology adoption:
Global parking revenue tops Rs 80000/- crores. In cities like London parking constitutes the second highest revenue for the municipality after building tax. Revenue from parking in India is less than 5% of the global revenue although we host 20% of world’s population. Therefore there is a very large potential for augmenting revenue for municipality through appropriate parking policy and regulation of public and private parking through appropriate taxes.
This objective of revenue optimization can be achieved through appropriate adoption of technology. Municipality should deploy a centralized parking management platform, bringing public and private parking owners and operators under a single umbrella and bring visibility to available parking spaces by deployment of a mobile app, through which citizens can find, reserve and pay for parking, eliminating human intervention and risk of disease transmission due to personal contacts. The app can also store the details of visitors to an establishment and thus help in tracing the contacts in case of necessity. The app can also be used for regulating the visitors to a particular store at one point.
Benefits to commuters and Parking operator:
Hitherto one of the main anxieties governing the commuter was availability of parking space. With Adoption of digital technologies commuter can find, reserve and pay for a parking in real-time, saving the uncertainty of parking availability.
More importantly contactless (ticket and currency free) booking and payment will eliminate the chances of disease transmission to a great extent for both commuter and parking operator eliminating a major public risk.
Visitors E-Register for Malls and Shops:
In the current scenario there is hardly any robust mechanism to trace visitors to shops, establishments, malls and trace contacts in case of a need. Paper based registers only add to the risk of disease transmission. Therefore regulating visitors with advance booking would reduce such risk in addition to option for tracking and tracing visitor history in case of a need.
Conclusion: It is high time that municipalities, airport, railways and private parking operators eliminate manual paper based parking and embrace smart parking to improve operational efficiency and eliminate risk of disease transmission.
Entrepreneur and Startup mentor
These days it is difficult to find free car parking space in the city. The increase in traffic as well as city population demands more parking areas. However, the city parking areas and facilities are not that much promising. Daily, there are hundreds of vehicles entering into the parking area and looking for empty parking space. It is very common that the drivers finds it difficult in getting the parking. In fact, they do not know where exactly the free parking, especially when there are limited slots available. Therefore, it is important to have an effective parking space tracking system to know the empty parking and guide the car driver to an empty parking space.
A parking system evolving as unified parking management system (PMS) based on the IoT will assist the driver to find vacant spaces in a real-time parking. This solution will help parking owners to improve their facilities inside their parking area to effectively guide the drivers to vacant parking slots. It is a simple process of availing a parking space by guiding the driver through digital sign boards and mobile apps, the commercial aspect of the business process is quite challenging and rewarding too. ie: Service order management, device procurement, delivery management, vendor management and partner share etc. We envisage a comprehensive solution for this by means of a standardized Ubiquitous Service Delivery Platform.
The world is moving towards ‘Digitalization’ and the vision IoT (Internet of Things) is quickly moving into ideas and then reality. Domains like Telecom, Banking and Utility have started implementing IoT use cases to make this world a connected ecosystem that’s more excited to live, in fact, do business.
Internet of Things (IoT) has become a new trend that, while offering enormous opportunities, it also bring up equal challenges with complications that spans across the areas of security, privacy, revenue share, smart contracting, customer satisfaction and many more – as new use cases are being unearthed day by day while we approach the core of ‘Smartness’ concept of ‘Digitization’.
At the core the concept of IoT is very simple. IoT is about connecting devices to the Internet. It’s not just about Smartphone, Tablets or Laptops – “But, about Connecting Everything with an on and off switch. It has the potential to transform cities” – World Economic Forum 2016.
Globally IoT has become the epic center of mind boggling predictions and discussions by analytical firms, it says;
• There will be 50 billion devices connected to the Internet by 2020 – Cisco.
• IDC suggests that by 2020, IoT market revenue will be $7.1 trillion
• McKinsey predicts an annual $11.1 trillion in economic value by 2025.
• Nearly $4.8 trillion in aggregate IoT investment between 2016 and 2021 – Business Insider
• Gartner forecasts that by 2020, there will be more than 250 million connected vehicles.
At the same time there is yet another interesting finding by the Global Economic forum survey (2016) that, about 88% of business is unprepared for the industrial IoT. This is an interesting observation when the entire world is talking about reaching greater milestones in the digital space by the end of 2020 or 2025.
The Evolving Digital Market Space
AT &T in the USA is one of the pioneers to offer digital security solutions or smart homes in collaboration with other OEMs. They have bundled smart security solutions with automation to provide to cater different customer needs that helps its consumers to choose the best ‘Digital Life Package’. The diversity of the digital life package ensures that the customers get state of the art solution to not only monitor their home with security devices, but can also avail additional features like control home temperature, water temperature and small appliances, monitor water leakage and get real time alert and notifications as well to their preferred phone numbers or emails to have timely attention on the need.
Du in Dubai has an interesting product portfolio to offer multiple solutions to residential and enterprise customers. The smart home solution is in association with FIBARO, a smart home vendor offering its solution in the international markets. Du also have enterprise cloud solutions with bundled services for business customers that offers traditional voice, data along with devices, business emails, cloud storage, office 365 applications and 24/7 support.
The Roads and Transport Authority of Dubai has introduced the ‘m-parking’ system that allows residents or visitors to park their vehicle using their mobile balance. This was done in collaboration with regional telecom service providers like Etisalat and Du and was rolled out as a value added service using SMS for Dubai registered vehicles. The end customer was benefitted in different ways as they don’t have to carry coins or cash, have no worries about timelines as there will be SMS reminders and you can simply extend your time if you have sufficient balance with your mobile account. Basically it’s convenient, easy operate and legal.
There are endless possibilities as many vendors are digging their way to be part of this exciting journey towards smarter cities. In India, the Government has unleashed its vision and approved a massive project to transform some selected cities across the region into Smart Cities.
About ELVICTO Technologies
With about 10,000 vehicles being deployed on the roads everyday in India, this number is only looking to increase in the coming years as our standard of living rises, it is quite evident that parking will be a major issue for every car owners. On an average a person spends about roughly 20 minutes per day in search of a parking space which accumulates to about 122 hours in a year per person!!!
ELVICTO Technologies is the pioneer in introducing and leveraging Low power and Low cost wireless technology that offers a truly innovative and cost effective Digital Smart Parking Solution powered by Wireless Sensors, Scalable gateways and Cloud based hosting (private/Public) in partnership with ICFOSS, Technopark, Kerala. In the very first year after its inception in the market as a thought leader, we had been recognized as the ‘First official Open IoT platform of Kerala’ by the Hon’ble IT secretary of Kerala.
To know more about ELVICTRO TECHNOLOGIES and The Digital Smart Parking Solution ‘ELPARK’, please write your queries to firstname.lastname@example.org
There are about ten thousand passenger vehicles being deployed into the Indian roads every day. The vehicle population increases the unnecessary traffic, accidents and fuel loss in upcoming smart cities. There is a huge need and demand to optimise the traffic congestions in the cities. Even though there are many traditional parking vendors operating in this field for closed parking like malls, city centres, they don’t have a stable and convenient solution for open sky/on road parking.
Based on IoT analytics, the global smart parking market expected to grow at a CAGR of 14% by 2023 and Allied Market Research, the Asia Pacific CAGR of 12.8% by 2025.
The demand for smart parking is huge and the market value is projected to reach $11,553.6 million by 2025