EasyPark develops Find&Pay smart parking solution

EasyPark_CEO-Johan-Birgersson

EasyPark, who have invested 10 years of R&D and over €10M to develop the first truly predictive parking technology. Find & Pay, uses big data, predictive analytics and machine learning to reduce the time it takes to find parking in congested cities by up to 50 per cent, reducing stress for motorists and the congestion and emissions associated with city parking today.

Unlike expensive and inaccurate sensor-based technologies, Find & Pay combines huge volumes of transaction data with crowd-sourced location information from users and IoT devices to create an accurate parking probability map of every city block for any given hour of the day. Using this information, Find & Pay gives users a route to their destination that passes along streets with the highest probability of parking availability – constantly balancing time in-car against walking distance to destination to find the optimal route. Find & Pay provides turn-by-turn navigation along the route, also noting available off-street parking along the route, and lets users remotely manage and pay for the parking space when they arrive, creating a simple, seamless experience.

Find & Pay is currently undergoing large-scale beta testing, using over 500 testers across 31 cities to test, validate and increase predictive accuracy. The system’s self-learning algorithms will continue to improve over time, through continued testing and via continuous user feedback when it is rolled out to the public at large. Find & Pay will launch in Stockholm in September followed by rollout across over 30 major European cities during the fall. London and New York will follow in 2018 and beyond.

Source: Easypark

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