Comprehensive SDKs for building and running IoT software
Client:
ParkNav
Industry:
Transportation and Logistics
Type of work:
Transportation, IoT
Technology and Platforms:
Machine learning, Artificial intelligence
Driving in circles, searching in vain for an open parking spot, is a stressful experience we all dread. Coupled with the uncertainties of traffic and trip-planning, parking adds another layer of frustration to a hectic commute.
But what if we could use real-time traffic data to make on-street parking easier and more predictable? Using machine learning and real-time data, that’s what ParkNav hoped to accomplish — taking the stress out of parking.
To make their idea a reality, the team of data scientists, engineers, and entrepreneurs behind ParkNav came to Forte Group.
Background
- Accurately predicting where open parking spots can be found requires a mass of real-time data.
- Street parking availability is highly volatile and can be affected by numerous factors such as time of day, weather, and nearby events, making this data challenging to measure.
- To build a highly functional mobile application, ParkNav needed to capitalize on its machine-learning ability while incorporating feedback from thousands of its users.
Results achieved
- With Forte Group’s help, the ParkNav app reduces the time it takes to locate a parking spot by 70 percent.
- The app has expanded to over 240 cities across the US and Europe. In 2016, ParkNav was awarded the South by Southwest (SXSW) Conference Accelerator Enterprise and Smart Data prize.
- ParkNav has also used its machine learning and big data processing capabilities in other industries, offering its data to help real estate, automotive, and internet companies.
Business Challenges
- Build an application from scratch to solve a variety of day-to-day traffic challenges
- Design a convenient tool people can use on the move
- Take into account all parking areas’ parameters that might be important for the driver
Featured-based Challenges
- Optimize the user experience that supports on-the-go decisions
- Integrate real-time monitoring and predictive analytics
- Enable user preferences for more personalized and safe parking experiences
Solution features
Outcomes
70% reduction in parking time
Used in more than 240 cities worldwide