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Smart Cities: Enhancing Public Services with DSS
Technology Category
- Analytics & Modeling - Predictive Analytics
- Application Infrastructure & Middleware - Data Exchange & Integration
Applicable Industries
- Cities & Municipalities
- Transportation
Applicable Functions
- Logistics & Transportation
Use Cases
- Smart City Operations
- Predictive Replenishment
Services
- Data Science Services
- Software Design & Engineering Services
The Challenge
Parkeon, a global supplier of parking and transit systems, wanted to leverage the vast volumes of data they had access to regarding city drivers' habits. They aimed to design a powerful parking availability prediction B2C application that could provide reliable predictions of parking availability and enrich the parking meter data to create greater intelligence. The challenge was to turn the parking meter data and geolocalized data into accurate predictions that could be used in a user-friendly mobile application.
About The Customer
Parkeon is a global supplier of parking and transit systems. Their core expertise lies in payment solutions such as multi-space parking meters, mobile phone payments, ticket vending machines, and more. Parkeon systems are found in over 3,500 cities and 55 countries worldwide. They have access to considerable volumes of data regarding the habits of city drivers and wanted to leverage this data to build an app with reliable predictions of parking availability and enrich the parking meter data to create greater intelligence.
The Solution
Parkeon used Data Science Studio to build a mobile application, 'Path to Park', that predicts zones where drivers are more likely to find parking. The application uses state-of-the-art predictive algorithms to analyze millions of transactions from parking meters every day and combines them with geographical data from the open-source OpenStreetMap. Streets are divided into segments and enriched with varying information such as the surrounding points of interest. The data from the parking meters are cross-checked with street segments and points of interest to provide accurate parking availability predictions.
Operational Impact
Quantitative Benefit
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