Internet of Things (IoT) is a pervasive technology that bridges sensors to the Internet.
If you have visited New York, Los Angeles, San Fransisco, Washington, D.C., Seattle or Chicago - the following will ring true: Searching for parking is more painful than ever. Motorists spend an average of 17 hours a year searching for spots on streets, in lots or garages, according to a report issues Wednesday.
Gas wastage, congestion and loss of productivity cannot compensate for the savings in parking for drivers. The implicit costs associated with finding parking is difficult to accurate guage. Better informed drivers and garage operators can help alleviate the issue. The promise of the smart city is one where information about lots, garages, and parking spots become available to all in a uniform way. The dream is the have a real time, data-driven green city where parking is a pleasure rather than a stressful after-thought.