(Photo Credit: Gartner)
Internet of Things (IoT) is a pervasive technology that bridges sensors to the Internet.According to Forbes, the IoT market is expected to grow to about $520B in 2021. Click here for the article.
If you have visited New York, Los Angeles, San Fransisco, Washington, D.C., Seattle or Chicago - the following will ring true: searching for parking is more painful than ever. Motorists spend an average of 17 hours a year searching for spots on streets, in lots or garages.
Better informed drivers and garage operators can help alleviate the issue. The promise of the connected car is one where information about lots, garages, and parking spots become available to all drivers via an API to the dashboard in a uniform way. Collection of data streams into a unified API that can stream availability on demand is the source of meaningful analytics of the moment. The dream is to the have a real time, data-driven green city where parking is a pleasure rather than a stressful after-thought. Connected cars have moved on from becoming a mere buzz word to a real thing. Various vendors create application that utilize multiple sets of data from various sources to inform drivers and operators the optimal pricing and experience. The Connected Car is here to stay and more real time contextual data will become a norm as we zoom past the hurdles of the parking industry.