Smart parking systems would provide real-time visibility into the availability of parking spaces across a city. Residents could identify and reserve the closest available spaces. Traffic wardens could recognize non-compliant usage. And municipalities could introduce variable pricing.
• New things created: Connected parking spaces, parking meters
• New data flows: Space availability
• Process innovation: Pricing and payments, enforcement, finding parking spaces
• People impact: Traffic wardens, citizens, drivers, city planners
The potential value from the Internet of Everything would come from a projected 30% increase in compliance, the sale of city data, reduction in traffic congestion, and increased revenue from dynamic pricing.
Top IT Trends to Watch in Financial ServicesIT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Join us for a roundup of the top stories on InformationWeek.com for the week of October 9, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."