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TECHNOLOGY

been working on smart parking the authorization for vehicle entry parking spot in an unmanned
systems in the country, yet non- and exits. A vision intelligence based mode. In the current context, any
stop movement based commercial solution is also a RFID independent such solution would involve on the
parking facilities are few and far solution that captures vehicle ground sensors that are expensive
between. images at entries and exits, allows to procure and maintain. Moreover,
vehicles based on number plate vehicle mapping to the parking
How to Transform and other vectors identified for the slot is also not achieved. A vision
Parking Management? vehicle at real-time. intelligence- based parking guidance
Commercial parking facilities The same applies to offices, system can also guide the user to
should adopt FASTag based SEZs, industrial complexes and the next available parking slot.
payments so that vehicle throughput even government establishments A combination of cost effective
increases significantly at the parking where authorized entry and exit cameras, machine learning, edge
entry and exit points. Non-FASTag can be done via FASTag and/or computing and cloud can give an
based cashless payment options vision intelligence based solutions. accurate and economic parking
should also be available where the The vision intelligence solutions guidance solution.
user does not have to stop the can become very accurate with Parkzap is the trademark Parking
vehicle for payment. The acquirer customized machine learning Solution from Stackfusion. Parkzap
banks, payment/e-wallet apps and models trained on a large amount parking solution has been installed
startups should come together to of diverse vehicular data of India. at SEZs, Commercial Spaces,
transform the commercial parking With the standardization of number Residential Societies, Ports,
sector making parking a smooth plates and digitization of RTOs, Industrial locations etc. Parkzap
experience for the end-user. This such solutions will become much is the first parking solution in the
also helps the parking management more cost effective and accurate country to have integrated end-
to save cost of operation. compared to RFID based solutions. to-end FASTag based payments at
Residential parking facilities Malls in various India cities provide parking locations. Parkzap solution
do not have payment options, better parking experience for their is based on artificial intelligence,
however they need to provide users, however, the unavailability edge computing and cloud that
authorized entry and exit at the of affordable technologies prevent makes it a very scalable solution.
residential societies. With FASTag them from getting the returns The company visualizes a seamless
being mandatory for new and old from their investment. A case in parking experience for the user
vehicles, the societies need not point is Parking Guidance Systems and a cost-effective parking for
procure separate RFID tags for user where a user inside a vehicle can be the facility manager in 2020 and
authentication. FASTag itself can be guided to the next exact available beyond.

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