Can Smart Parking Help Save the Brick-and-Mortar Retailer?

While online retailers have previously been the leaders in adopting new technologies, IoT presents enormous opportunities for traditional brick-and-mortar retailers. One such opportunity is reinventing the parking search.

Shopping at a brick-and-mortar location starts with looking for parking, and the average driver wastes 12 minutes finding a spot at the average mall. With artificial intelligence (AI)-powered IoT devices, the parking search time can be dramatically reduced, helping to reinvigorate brick-and-mortar retailers…

Customers aren’t the only ones that stand to benefit from smart parking technology. Parking operators can gain increased visibility into their operations through real-time data collected within the backend of the software platform. This information can provide operators with information such as how long a car has been parked or if there are any parking violations such as unauthorized use of loading zones or handicap parking.