The automotive and transportation industry is ever-evolving, and the parking industry will need to continue to grow with all these evolving technologies and needs. That is why smart parking solutions that future-proof the parking industry are more critical than ever. With autonomous vehicles (AVs) becoming more than just a buzzword, smart parking solutions like ParqEx will be uniquely positioned to support growing AV needs coupled with the needs of urban cities. Read more about The Future of Parking: ParqEx’s Smart Parking Technology and Autonomous Vehicles.

What are Autonomous Vehicles?

If you are saying, “Hold up! What are AVs? Do they mean EVs?” Yes, we meant to say AV! AVs (Autonomous Vehicles) are the future of the automotive industry as they are self-driving or driverless vehicles. Using advanced technology such as sensors, cameras, radars, and artificial intelligence (AI), AVs can take note of their surroundings and make data-informed driving decisions. As of now, autonomous vehicles face challenges. The main challenges faced by AVs are various technological limitations, different regulations, and overall public acceptance. Despite its challenges, the overarching goal of AVs is more powerful. With more AVs on our roads, the overriding goal is to improve road safety and decrease traffic congestion. With six levels of automation, from 0 with no automation to 5 with full automation, it is clear that the automotive industry is evolving rapidly, and the parking industry must follow suit. Thankfully, ParqEx’s smart parking services have been creating innovative future-proofing solutions for the last ten years and continue to build out all platforms to include new necessary features to accommodate evolving technology. Here is how ParqEx will continue to be of service in an autonomous vehicle-dominated landscape.

The Future of Parking: ParqEx’s Smart Parking Technology and Autonomous Vehicles

Software Integrated with Autonomous Vehicles

An integral aspect of ParqEx’s solutions is that they are highly adaptable. Today, ParqEx’s parking management software can be seamlessly integrated into any existing property management system, security system, towing platform, booting enforcement software, etc. Tomorrow (not the real tomorrow, the future tomorrow), ParqEx’s software can seamlessly integrate with autonomous vehicles. Through ParqEx’s use of AI and IoT (Internet of Things), ParqEx’s smart parking platform allows for real-time communication. This means that ParqEx’s parking platform can communicate between AVs and parking infrastructure in real-time when AVs transition to dominating our roads. This real-time communication will ensure that autonomous vehicles can easily, quickly, and seamlessly find their desired parking space, reserve that parking spot, and access it without human help.

Heightened Efficiency

A key benefit of ParqEx’s smart parking solutions is its prioritization of optimizing parking space utilization. With pricing models like AI-enhanced dynamic and predictive pricing coupled with real-time availability features, ParqEx ensures all existing parking spaces are optimally used. In terms of how the efficient use of existing parking spaces affects AVs, this feature is significant as AVs, with the help of AI and software, can be programmed to park in less congested parking areas. This effectively uses existing parking spaces and helps reduce traffic congestion as fewer vehicles are left searching for parking.

Improved Security

Security will always be a concern, whether humans drive vehicles or vehicles are entirely autonomous. Thankfully, ParqEx’s Access+ and Access + Premium License Plate Recognition technology continues to evolve to meet technological demands. Today, through access control and AI, ParqEx’s property technology helps ensure that only authorized vehicles can access parking facilities or parking zones. This aspect of ParqEx’s access control is critical for autonomous cars, which will rely on secure and reliable parking solutions to safely operate and find parking that ensures peace of mind for the owners of the AVs.

In line with Smart City Initiatives

Bustling urban cities all have their smart city initiatives. As cities become smarter and continue to rely on innovative technologies, smart parking solutions will play an even more significant role in urban planning regarding the integration of AVs. By providing urban planners and city officials with data-proven insights and analytics, ParqEx’s robust smart parking solutions platform can help reduce traffic congestion, optimize traffic flow, and, dare we say, improve the overall quality of life of city residents with less polluted city streets.

Future-Proofing Parking

As we keep reiterating, ParqEx is committed to staying ahead of the curve and future-proofing its technology. By constantly innovating and integrating new technologies into its platforms, ParqEx’s solutions are and will continue to be effective smart parking solutions as the transportation and automotive industries evolve. Such a forward-thinking mindset also encourages cities and businesses to stay ahead of the curve and embrace smart parking solutions and the future of AVs.

That’s a Wrap!

We are not in charge of when, how, or where AVs will make their mark, but the rise of autonomous vehicles will soon affect us all. With AVs’ challenges, there are also incredible opportunities not just for autonomous vehicles and industry. We proudly state that ParqEx will be ready to meet all challenges head-on, provide seamless integration, heighten efficiency, improve security, support existing and future smart-city initiatives, and continue future-proofing the parking industry. As AVs flow into our streets, ParqEx will adapt and ensure parking becomes even more seamless and efficient for everyone involved. We are committed to leading the way in the parking industry’s evolution!

Thanks for reading “The Future of Parking: ParqEx’s Smart Parking Technology and Autonomous Vehicles.” If you want to start future-proofing your parking infrastructure, look no further! Contact a ParqEx sales representative today.

The post The Future of Parking: ParqEx’s Smart Parking Technology and Autonomous Vehicles appeared first on ParqEx.

Want to know more about these awesome advancements? If so, you’ve come to the right place! In this article we will explore three of the most exciting new trends in vehicle technology, how they might affect your day-to-day life, and how they’ll change your habits for the better in the near future.

Vehicle Communication

After a long 12 years of research, vehicle-to-vehicle communication will officially hit the market this year via the 2017 Cadillac CTS. While the technology will be extremely limited at first due to a lack of similarly equipped vehicles on the road to “talk” to, it will still give the driver some advantages, such as communicating with certain traffic lights.

Moreover, it will pave the way for even more of this incredible new technology in the future, which will eventually have the ability to prevent accidents through the use of cameras and other information-gathering systems and an advanced wireless car-to-car communication system.

While it may take a while to grow to that point, Cadillac is taking the most important and most difficult baby steps in the right direction.

Autonomous Driving

As proven by Tesla, Uber, and a few other companies in 2016, self-driving cars are here to stay. Not only that, but they are set to make some big advancements this year.

For instance, Volvo will be releasing 100 autonomous cars onto Swedish roads in the next year in order to 1) give the public a chance to experience a ride without a driver, and 2) test this new technology in the quest for a “death-proof vehicle”. The company hopes to make this ultra-safe car available to the public by the year 2020.

Additionally, companies such as Ford, GM, and BMW will be releasing self-driving fleets of their own. Finally—and most impressively—Tesla is scheduled to send a self-driving car on a trip from New York to LA before year’s end.

Improved Electric Cars

As if self-driving cars aren’t cool enough, it looks like 2017 will be a big year for electric cars as well. Hopefully this advancement signals the beginning of the end of our dependence on fossil fuels, and a step toward a greener, brighter tomorrow.

Not to be outdone by the Nissan Leaf—which was upgraded last year and now boasts an impressive 107-mile range—Chevrolet has announced that its new Bolt EV will have an increased range of up to 200 miles. This is an incredible step in the right direction for electric vehicles, as the longer range makes them a far more practical option. Additionally, the Ford Focus Electric will become a 100-mile car, meaning those looking for a lower-priced option will not be disappointed with the range possibilities in their budget category.

Smart Parking

Clearly, vehicle manufacturers have seen just how important it is to keep up with the demand for newer and more efficient technology. We at ParqEx have seen the light as well, and we’re taking steps to make parking easier than ever through the use of “internet of things” technology. We hope to work with car manufacturers toward an ultimate goal of less traffic congestion and a hassle-free driving experience for all.

Are you interested in learning more about Using Internet of Things and new trends in parking technology? Please have a look around our website or contact us with questions. After reading more about us, we are sure you will want to sign up for an account right away in order to take full advantage of our peer-to-peer sharing platform and our amazing new technology.

The post Technology is changing the auto industry appeared first on ParqEx.