The growing number of vehicles in cities has posed a challenge for parking spaces that results in illegal parking and other unintended consequences. Illegal parking means loss of potential revenue for building management or government authority. A recent development on AI-equipped technology could be a solution to address this issue.
Utilizing License-Plate-Recognition (LPR) technology, Nodeflux developed e-parking solution management to provide operational efficiency, an integrated payment system, and prevent leakage. An automated parking system is likely to reduce operating and maintenance costs.