An average Indian motorist will keep driving for 20 minutes to get a suitable parking spot! A more challenging task than driving on roads is to find a parking space. This holds true, especially in countries like India and other developing countries where the population is large and the pressure on infrastructure high.
Adoption of Cloud Computing in Healthcare to Improves Patient Care Coordinati...Mindfire LLC
The cloud has revolutionized the way we live and work. It has brought about a new era of flexibility and convenience, allowing us to access information and collaborate with others from anywhere in the world.
According to a Gartner survey, global spending on cloud services is projected to reach over $482 billion this year (2022). The numbers are much higher than those recorded last year, i.e., $313 billion.
Adoption of Cloud Computing in Healthcare to Improves Patient Care CoordinationMindfire LLC
The cloud has revolutionized the way we live and work. It has brought about a new era of flexibility and convenience, allowing us to access information and collaborate with others from anywhere in the world.
According to a Gartner survey, global spending on cloud services is projected to reach over $482 billion this year (2022). The numbers are much higher than those recorded last year, i.e., $313 billion.
Challenges and Risks of Web 3.0 — A New Digital World OrderMindfire LLC
It’s no secret that the world of technology is ever-evolving. From Web 1.0 to the current climate of Web 2.0, new platforms and technologies have revolutionized how we communicate, create content, share ideas, and even buy products. But what does this all mean for the next wave — Web 3.0?
Is it an opportunity for growth or a risk for developers who wish to adopt cutting-edge tech tools into their projects? This post aims to discuss the risks and challenges associated with ramping up development related to emerging forms of advanced web applications like those found in Web 3.0 — and reveal what it could mean to be a part of this ground-breaking industry shift!
Why Django is The Go-To Framework For Python.pdfMindfire LLC
Python is a powerful high-level programming language with potential applications in numerous industries. These disciplines might include everything from web development to automation and data science. It has great libraries and frameworks, such as bottle, pyramid, flask, pandas, selenium, NumPy, PyTorch, OpenCV, etc. In addition, Django is one such Python framework primarily used for web development.
Thriving in an Age of Tech Disruption.pdfMindfire LLC
Since the past decade, the pace of tech disruption has significantly grown with the increasing applications of technologies like AI, ML, and IoT. The global pandemic has only accelerated the wave of tech disruption by creating the demand for innovative and dynamic solutions.
Companies are constantly experiencing the need to innovate faster while keeping up with customer expectations so as to stay competitive. According to McKinsey, businesses adopted digital solutions 25 times faster than their own estimates during the pandemic.
Advantages Of Using Django Framework To Build Scalable.pdfMindfire LLC
What do Dropbox, The Washington Post, Spotify, YouTube, and Instagram have in common? Django was used to build these websites. The open-source Python web framework is widely used for websites that need to be developed quickly, maintained easily, have a clean design, and be secure. It would help if you kept these things in mind when selecting the language or framework for the new project.
Utilizing Machine Learning In Banking To Prevent Fraud.pdfMindfire LLC
Machine Learning (ML) is a vital tool for fraud detection in banks. It can spot potential fraud by examining patterns in transactions and comparing them with known fraudulent activity. It uses algorithms to identify these patterns, which are then used to predict whether or not a transaction is fraudulent. These algorithms are trained using historical data, so they can only identify patterns in existing data and cannot learn new ways as they occur.
How Blockchain In Supply Chain Can Help Overcome.pdfMindfire LLC
With bitcoins and cryptocurrency gaining much popularity over the last few years, its underlying technology — blockchain, seems to be the latest buzzword across industries. There seems to be a sudden urge among businesses to adopt and use the technology to significantly improve their workflow operations. The concept seems to have a promising future that would assist in solving several hold-ups of the existing technology gears.
Adoption of Cloud Computing in Healthcare to Improves Patient Care Coordinati...Mindfire LLC
The cloud has revolutionized the way we live and work. It has brought about a new era of flexibility and convenience, allowing us to access information and collaborate with others from anywhere in the world.
According to a Gartner survey, global spending on cloud services is projected to reach over $482 billion this year (2022). The numbers are much higher than those recorded last year, i.e., $313 billion.
Adoption of Cloud Computing in Healthcare to Improves Patient Care CoordinationMindfire LLC
The cloud has revolutionized the way we live and work. It has brought about a new era of flexibility and convenience, allowing us to access information and collaborate with others from anywhere in the world.
According to a Gartner survey, global spending on cloud services is projected to reach over $482 billion this year (2022). The numbers are much higher than those recorded last year, i.e., $313 billion.
Challenges and Risks of Web 3.0 — A New Digital World OrderMindfire LLC
It’s no secret that the world of technology is ever-evolving. From Web 1.0 to the current climate of Web 2.0, new platforms and technologies have revolutionized how we communicate, create content, share ideas, and even buy products. But what does this all mean for the next wave — Web 3.0?
Is it an opportunity for growth or a risk for developers who wish to adopt cutting-edge tech tools into their projects? This post aims to discuss the risks and challenges associated with ramping up development related to emerging forms of advanced web applications like those found in Web 3.0 — and reveal what it could mean to be a part of this ground-breaking industry shift!
Why Django is The Go-To Framework For Python.pdfMindfire LLC
Python is a powerful high-level programming language with potential applications in numerous industries. These disciplines might include everything from web development to automation and data science. It has great libraries and frameworks, such as bottle, pyramid, flask, pandas, selenium, NumPy, PyTorch, OpenCV, etc. In addition, Django is one such Python framework primarily used for web development.
Thriving in an Age of Tech Disruption.pdfMindfire LLC
Since the past decade, the pace of tech disruption has significantly grown with the increasing applications of technologies like AI, ML, and IoT. The global pandemic has only accelerated the wave of tech disruption by creating the demand for innovative and dynamic solutions.
Companies are constantly experiencing the need to innovate faster while keeping up with customer expectations so as to stay competitive. According to McKinsey, businesses adopted digital solutions 25 times faster than their own estimates during the pandemic.
Advantages Of Using Django Framework To Build Scalable.pdfMindfire LLC
What do Dropbox, The Washington Post, Spotify, YouTube, and Instagram have in common? Django was used to build these websites. The open-source Python web framework is widely used for websites that need to be developed quickly, maintained easily, have a clean design, and be secure. It would help if you kept these things in mind when selecting the language or framework for the new project.
Utilizing Machine Learning In Banking To Prevent Fraud.pdfMindfire LLC
Machine Learning (ML) is a vital tool for fraud detection in banks. It can spot potential fraud by examining patterns in transactions and comparing them with known fraudulent activity. It uses algorithms to identify these patterns, which are then used to predict whether or not a transaction is fraudulent. These algorithms are trained using historical data, so they can only identify patterns in existing data and cannot learn new ways as they occur.
How Blockchain In Supply Chain Can Help Overcome.pdfMindfire LLC
With bitcoins and cryptocurrency gaining much popularity over the last few years, its underlying technology — blockchain, seems to be the latest buzzword across industries. There seems to be a sudden urge among businesses to adopt and use the technology to significantly improve their workflow operations. The concept seems to have a promising future that would assist in solving several hold-ups of the existing technology gears.
Challenges of IT Outsourcing for CEOs of Small.pdfMindfire LLC
The pandemic has altered every facet of the business, and many companies outsource to adapt to the new normal. Many businesses now want to boost their operations and profits using contemporary technology.
Outsourcing has emerged as the new business paradigm, and major companies are scrambling to take advantage of its cost-saving and growth-promoting potential. It takes time and energy to settle into the adaptation phase when a business begins outsourcing for the first time.
Is JMeter The Best Performance Testing Tool.pdfMindfire LLC
The increase in the need to assess the performance of applications, websites, and servers in alignment with a rising need to offer better customer services are the factors facilitating the growth of the load-testing software market. JMeter has a market share of approximately 25.76% considering the performance and load-testing market. The performance testing tools market around the world is predicted to increase by more than USD 3.02 billion by the end of 2030. Different benefits generated by the software include faster testing and streamlines, automatic operational testing, and several others. These are further enhancing the market need for load-testing tools.
Is Codeless Automation Testing Revolutionizing the Testing Industry.pdfMindfire LLC
Codeless automation testing has been an industry buzzword for a while, and with good reason. It is quickly becoming an indispensable tool in test automation. Automation testing validates software’s proper functioning and features before launching it into production. Automation testing uses scripted sequences executed by various testing tools. It helps reduce human errors in application testing, simplifies the testing process into a set of scripts, ensures faster checking of the system, and runs multiple tests a day.
Where Do I Hire A Dedicated Team Of Python Developers Online.pdfMindfire LLC
Python is one of the most popular coding languages used today. It was created by Guido van Rossum and released in 1991. Due to the versatility of the language, many Fortune 500 companies like Netflix and Uber work with Python. It has several uses that are beneficial to firms. Some of its benefits include creating web applications on a server, creating workflows alongside corresponding software, handling large amounts of data, and performing complex mathematics.
Primary concerns of CTOs with IT Outsourcing.pdfMindfire LLC
The document discusses the history and growth of the IT outsourcing industry. It began in the 1990s to help companies cut costs and access efficient resources. The global IT outsourcing market was worth $92.5 billion in 2019 and is expected to grow at a 4.5% CAGR through 2026. India is a leading destination for outsourced IT services, with the industry contributing around 7.7% to India's GDP currently. The document then outlines some common issues with outsourcing like selecting the right vendor, uncertainty regarding business needs and technologies, inaccurate cost estimates, security and compatibility concerns, and poor communication due to cultural differences. Solutions provided include thorough vendor assessments, clearly defining requirements and budgets,
Evolution of virtualized healthcare models.pdfMindfire LLC
New healthcare delivery alternatives were beginning to emerge before the epidemic affected practically every aspect of industry. COVID-19, on the other hand, was the trigger that accelerated those developments, pushing healthcare professionals to make the long-awaited move to a patient-centered approach.
Adopting Blockchain in Healthcare to solve complex data issues & improve cust...Mindfire LLC
Blockchain has proven to be a technological breakthrough that will aid businesses in their shift to increased efficiency and security. According to a PwC poll of 600 Executives conducted in 2018, 84 percent of respondents’ firms are actively engaging with distributed ledgers.
In healthcare, Blockchain is all about cutting away the middlemen. It’s about enhancing the security of different healthcare transactional processes while reducing bureaucracy and manual inefficiencies, boosting service quality, and decentralizing patient data.
Delivering Better Healthcare Services with Edge AI.pdfMindfire LLC
Medicine has been one of the most renowned success stories of modern science and technology. However, the MIT Technology review observes that until 2020 the pace of digital transformation in this sector has been frustratingly low owing to its risk-averse nature and spiraling costs. The mainstreaming of digital tools for enabling the treatment outcomes was emerging, but slowly.
React’s suitability to develop Geospatial solutions.pdfMindfire LLC
This document discusses the suitability of React for developing geospatial solutions. It begins by defining geospatial data as information that describes things or events with a position on Earth, along with characteristics and temporal data. Geospatial information systems (GIS) allow visualization of geospatial data by mapping it. The document then provides examples of geospatial data and advantages of using it. It discusses geospatial applications in transportation and healthcare. React is highlighted as a cutting-edge technology that easily updates user interfaces when data changes. Finally, the document summarizes that React increases productivity and stability for geospatial solutions development.
How has React become the preferred choice to.pdfMindfire LLC
Is your financial institution debating whether to hire a React JS expert and whether React is the best choice for managing your banking app? It is evident that the financial landscape has experienced a massive transformation and breakthrough during the last decade.
An SEO optimized website is best charged up.pdfMindfire LLC
React sites confront significant problems in terms of search engine optimization. One of the primary reasons is that most React developers focus on client-side supplies. At the same time, Google focuses on server-side rendering, which makes ReactJS and search engine optimization challenging. This blog will go through all of the practical techniques to creating an SEO-friendly React app.
The Continuing Relevance of Manual Testing.pdfMindfire LLC
Automation is most advantageous for regular and repeated testing, which may be very time-consuming and tiresome when done manually. However, automation cannot match a human’s intuitiveness, broad knowledge, and iterative assessment skills.
Outsourcing became an emerging trend in the late 1980s/early 1990s. In the subsequent 30 years, it became a strategic business imperative for businesses in the USA and Europe.
In the 1990s, outsourcing consisted of hardware and networking-related work. However, in the internet era of the late 90s and heavy digitalization of industries in the early 2000s, outsourcing started taking a more evident shape. Business process outsourcing, software development, and full-fledged IT function outsourcing gained rapid pace during this period. The business of outsourcing became more client-oriented and just not an internal business process anymore.
Role of AI in Chronic Care Management.pdfMindfire LLC
Effectively managing chronic diseases such as asthma, diabetes, cancer, and several others have been one of the biggest challenges for healthcare providers worldwide. According to a study, chronic diseases are responsible for 70% of deaths and about 50% of the disease burden globally. Owing to this, we will discuss how AI in chronic care management can change these numbers.
As the pandemic unleashed a global health crisis, many countries faced a shortage of healthcare professionals and medical resources. This caused several hurdles for patients with chronic conditions to get treatment at the right time. Such conditions forced chronic patients to adapt to remote and digital treatment, which is the new normal in the current world.
UPI (Unified Payments Interface) – The Game ChangerMindfire LLC
Phenomenal growth may be the exact term to describe the increased volume of digital payments in India in 2022. If you inspect the March data of the current year, it shows that this payment ecosystem grew by 216% compared to the same period in 2019. The Unified Payments Interface (UPI), an initiative of the National Payments Corporation of India (NPCI) has been a critical driver of cashless transactions since its launch in 2016. The idea behind introducing UPI was to enable fast, secure, and seamless digital payments with the Immediate Payment Service (IMPS) infrastructure.
Utilizing Machine Learning In Banking To Prevent Fraud.pdfMindfire LLC
Machine learning is useful for fraud detection in banks by examining transaction patterns and comparing them to known fraudulent activity to identify potential fraud. It uses algorithms trained on historical data to spot these patterns and predict fraudulent transactions. However, machine learning models must be constantly updated with new information as fraud patterns change over time. It can help banks prevent fraud even when unauthorized access is not attempted by flagging suspicious behavior for human review. The benefits of machine learning for fraud detection include increased speed, efficiency, and accuracy compared to traditional methods.
The critical role of QA in Medical Device Testing.pdfMindfire LLC
Digitization has brought significant advancements to the healthcare industry in recent years. This has made it easier to connect people with the most up-to-date medical gadgets and software, resulting in better healthcare services. Medical devices are essential for patient care because they have a direct impact on human lives by delivering valuable data and observations.
Due to different advancements in healthcare, medical device software continues to get increasingly sophisticated. Certain critical compliance factors, such as regulatory delays and the adoption of international standards, have an impact on the software quality of medical devices.
AI in the Retail Industry: Key to SuccessMindfire LLC
In the ever-changing and complex retail industry, businesses need to keep up with the latest technological advancements to remain competitive. That’s why retailers are now using artificial intelligence (AI) and machine learning (ML) to improve the customer experience and gain more profitability.
Disruption Set in Motion by Healthcare Consumerism.pdfMindfire LLC
Healthcare consumerism is the health industry’s shift towards a more value based care; it is a movement for a more cost effective and efficient delivery of healthcare services. It connotes the patient taking control of their health and wellness by managing all aspects of one’s healthcare landscape – including health benefits, medical insurance and retail health. In short, the goal of healthcare consumerism is to enable patients to become wholly involved in their healthcare decisions.
How IoT In Automotive Industry Is Transforming Smart CarsMindfire LLC
The Internet of Things is rapidly influencing every sphere of our lives. IoT in Automotive Industry is seeing one such rapid growth. As of 2020, an article by Deloitte cites that over 20 billion IoT devices are in use.
Overtly, the connected vehicle is the most recent embodiment of IoT technology. While automotive engineers and software developers both claim responsibility for this success, the real power behind the wheels lies with the IoT service providers.
Challenges of IT Outsourcing for CEOs of Small.pdfMindfire LLC
The pandemic has altered every facet of the business, and many companies outsource to adapt to the new normal. Many businesses now want to boost their operations and profits using contemporary technology.
Outsourcing has emerged as the new business paradigm, and major companies are scrambling to take advantage of its cost-saving and growth-promoting potential. It takes time and energy to settle into the adaptation phase when a business begins outsourcing for the first time.
Is JMeter The Best Performance Testing Tool.pdfMindfire LLC
The increase in the need to assess the performance of applications, websites, and servers in alignment with a rising need to offer better customer services are the factors facilitating the growth of the load-testing software market. JMeter has a market share of approximately 25.76% considering the performance and load-testing market. The performance testing tools market around the world is predicted to increase by more than USD 3.02 billion by the end of 2030. Different benefits generated by the software include faster testing and streamlines, automatic operational testing, and several others. These are further enhancing the market need for load-testing tools.
Is Codeless Automation Testing Revolutionizing the Testing Industry.pdfMindfire LLC
Codeless automation testing has been an industry buzzword for a while, and with good reason. It is quickly becoming an indispensable tool in test automation. Automation testing validates software’s proper functioning and features before launching it into production. Automation testing uses scripted sequences executed by various testing tools. It helps reduce human errors in application testing, simplifies the testing process into a set of scripts, ensures faster checking of the system, and runs multiple tests a day.
Where Do I Hire A Dedicated Team Of Python Developers Online.pdfMindfire LLC
Python is one of the most popular coding languages used today. It was created by Guido van Rossum and released in 1991. Due to the versatility of the language, many Fortune 500 companies like Netflix and Uber work with Python. It has several uses that are beneficial to firms. Some of its benefits include creating web applications on a server, creating workflows alongside corresponding software, handling large amounts of data, and performing complex mathematics.
Primary concerns of CTOs with IT Outsourcing.pdfMindfire LLC
The document discusses the history and growth of the IT outsourcing industry. It began in the 1990s to help companies cut costs and access efficient resources. The global IT outsourcing market was worth $92.5 billion in 2019 and is expected to grow at a 4.5% CAGR through 2026. India is a leading destination for outsourced IT services, with the industry contributing around 7.7% to India's GDP currently. The document then outlines some common issues with outsourcing like selecting the right vendor, uncertainty regarding business needs and technologies, inaccurate cost estimates, security and compatibility concerns, and poor communication due to cultural differences. Solutions provided include thorough vendor assessments, clearly defining requirements and budgets,
Evolution of virtualized healthcare models.pdfMindfire LLC
New healthcare delivery alternatives were beginning to emerge before the epidemic affected practically every aspect of industry. COVID-19, on the other hand, was the trigger that accelerated those developments, pushing healthcare professionals to make the long-awaited move to a patient-centered approach.
Adopting Blockchain in Healthcare to solve complex data issues & improve cust...Mindfire LLC
Blockchain has proven to be a technological breakthrough that will aid businesses in their shift to increased efficiency and security. According to a PwC poll of 600 Executives conducted in 2018, 84 percent of respondents’ firms are actively engaging with distributed ledgers.
In healthcare, Blockchain is all about cutting away the middlemen. It’s about enhancing the security of different healthcare transactional processes while reducing bureaucracy and manual inefficiencies, boosting service quality, and decentralizing patient data.
Delivering Better Healthcare Services with Edge AI.pdfMindfire LLC
Medicine has been one of the most renowned success stories of modern science and technology. However, the MIT Technology review observes that until 2020 the pace of digital transformation in this sector has been frustratingly low owing to its risk-averse nature and spiraling costs. The mainstreaming of digital tools for enabling the treatment outcomes was emerging, but slowly.
React’s suitability to develop Geospatial solutions.pdfMindfire LLC
This document discusses the suitability of React for developing geospatial solutions. It begins by defining geospatial data as information that describes things or events with a position on Earth, along with characteristics and temporal data. Geospatial information systems (GIS) allow visualization of geospatial data by mapping it. The document then provides examples of geospatial data and advantages of using it. It discusses geospatial applications in transportation and healthcare. React is highlighted as a cutting-edge technology that easily updates user interfaces when data changes. Finally, the document summarizes that React increases productivity and stability for geospatial solutions development.
How has React become the preferred choice to.pdfMindfire LLC
Is your financial institution debating whether to hire a React JS expert and whether React is the best choice for managing your banking app? It is evident that the financial landscape has experienced a massive transformation and breakthrough during the last decade.
An SEO optimized website is best charged up.pdfMindfire LLC
React sites confront significant problems in terms of search engine optimization. One of the primary reasons is that most React developers focus on client-side supplies. At the same time, Google focuses on server-side rendering, which makes ReactJS and search engine optimization challenging. This blog will go through all of the practical techniques to creating an SEO-friendly React app.
The Continuing Relevance of Manual Testing.pdfMindfire LLC
Automation is most advantageous for regular and repeated testing, which may be very time-consuming and tiresome when done manually. However, automation cannot match a human’s intuitiveness, broad knowledge, and iterative assessment skills.
Outsourcing became an emerging trend in the late 1980s/early 1990s. In the subsequent 30 years, it became a strategic business imperative for businesses in the USA and Europe.
In the 1990s, outsourcing consisted of hardware and networking-related work. However, in the internet era of the late 90s and heavy digitalization of industries in the early 2000s, outsourcing started taking a more evident shape. Business process outsourcing, software development, and full-fledged IT function outsourcing gained rapid pace during this period. The business of outsourcing became more client-oriented and just not an internal business process anymore.
Role of AI in Chronic Care Management.pdfMindfire LLC
Effectively managing chronic diseases such as asthma, diabetes, cancer, and several others have been one of the biggest challenges for healthcare providers worldwide. According to a study, chronic diseases are responsible for 70% of deaths and about 50% of the disease burden globally. Owing to this, we will discuss how AI in chronic care management can change these numbers.
As the pandemic unleashed a global health crisis, many countries faced a shortage of healthcare professionals and medical resources. This caused several hurdles for patients with chronic conditions to get treatment at the right time. Such conditions forced chronic patients to adapt to remote and digital treatment, which is the new normal in the current world.
UPI (Unified Payments Interface) – The Game ChangerMindfire LLC
Phenomenal growth may be the exact term to describe the increased volume of digital payments in India in 2022. If you inspect the March data of the current year, it shows that this payment ecosystem grew by 216% compared to the same period in 2019. The Unified Payments Interface (UPI), an initiative of the National Payments Corporation of India (NPCI) has been a critical driver of cashless transactions since its launch in 2016. The idea behind introducing UPI was to enable fast, secure, and seamless digital payments with the Immediate Payment Service (IMPS) infrastructure.
Utilizing Machine Learning In Banking To Prevent Fraud.pdfMindfire LLC
Machine learning is useful for fraud detection in banks by examining transaction patterns and comparing them to known fraudulent activity to identify potential fraud. It uses algorithms trained on historical data to spot these patterns and predict fraudulent transactions. However, machine learning models must be constantly updated with new information as fraud patterns change over time. It can help banks prevent fraud even when unauthorized access is not attempted by flagging suspicious behavior for human review. The benefits of machine learning for fraud detection include increased speed, efficiency, and accuracy compared to traditional methods.
The critical role of QA in Medical Device Testing.pdfMindfire LLC
Digitization has brought significant advancements to the healthcare industry in recent years. This has made it easier to connect people with the most up-to-date medical gadgets and software, resulting in better healthcare services. Medical devices are essential for patient care because they have a direct impact on human lives by delivering valuable data and observations.
Due to different advancements in healthcare, medical device software continues to get increasingly sophisticated. Certain critical compliance factors, such as regulatory delays and the adoption of international standards, have an impact on the software quality of medical devices.
AI in the Retail Industry: Key to SuccessMindfire LLC
In the ever-changing and complex retail industry, businesses need to keep up with the latest technological advancements to remain competitive. That’s why retailers are now using artificial intelligence (AI) and machine learning (ML) to improve the customer experience and gain more profitability.
Disruption Set in Motion by Healthcare Consumerism.pdfMindfire LLC
Healthcare consumerism is the health industry’s shift towards a more value based care; it is a movement for a more cost effective and efficient delivery of healthcare services. It connotes the patient taking control of their health and wellness by managing all aspects of one’s healthcare landscape – including health benefits, medical insurance and retail health. In short, the goal of healthcare consumerism is to enable patients to become wholly involved in their healthcare decisions.
How IoT In Automotive Industry Is Transforming Smart CarsMindfire LLC
The Internet of Things is rapidly influencing every sphere of our lives. IoT in Automotive Industry is seeing one such rapid growth. As of 2020, an article by Deloitte cites that over 20 billion IoT devices are in use.
Overtly, the connected vehicle is the most recent embodiment of IoT technology. While automotive engineers and software developers both claim responsibility for this success, the real power behind the wheels lies with the IoT service providers.
2. An average Indian motorist will keep driving for 20 minutes to
get a suitable parking spot! A more challenging task than driving
on roads is to find a parking space. This holds true, especially in
countries like India and other developing countries where the
population is large and the pressure on infrastructure high.
However, all of this can change with the implementation of smart
solutions. According to Libelium, a company that provides
technology solutions based on the IoT (Internet of Things), the
application of this technology can reduce traffic volume by 8%,
petrol or diesel emissions by 40%, extra kilometers for a car to
park by 30% and time spent parking by 43%.
Smart parking is going to play an important role to reduce and
automate the time a driver spends to physically look for a parking
slot. Not many know this, but the inefficient parking system is
one of the largest contributors to traffic congestion and
environment pollution.
3. What is a digital parking or smart parking system?
A digital parking system is the process of relaying real time
data to motorists to help them spot vacant parking lots at
their preferred locations. A smart parking system or a digital
parking system offers solutions to urban mobility. This real
time data highlights parking availability, both outside and
inside a designated parking area, and considers traffic and
road conditions.
A smart parking system is an extension of a parking assistant
that lets you know of available parking spots ahead of time.
It is the potent combination of hard technology like sensor
and cameras and soft tech like parking management,
applications, consumer and operator apps. Both the techs are
accentuated with advanced tech like Artificial Intelligence
and Location Intelligence to make the experience of parking
one’s car hassle free.
4. Why do we need parking solutions?
According to the American firm Parking Ya!, specialising in the
sale of garage spaces, more than 25% of vehicles that are driving
around cities are looking for a parking space. Smart technology
has the key power to solve this problem, organize and simplify
the flow of urban traffic, enhance operational efficiency and create
opportunities for drivers to enjoy driving while saving time.
Smart parking solutions can also significantly lessen the harmful
effects of congestion, thereby equating to less greenhouse gas
emissions.
5. Smart parking technology for Parking spot solutions:
There are several devices, processes and systems that form the overall
structure of smart parking. On the one hand, sensors and cameras play
an important role to record, process and transmit data and information
to provide real-time traffic data. On the other hand, the IoT based cloud
system centralizes the data, analyses it and shares it with parking
management companies/authorities to calculate the availability of on-
street, public and private parking facilities. Together they form a force
to act as smart parking space detectors. To understand the technology in
detail, let us take a look at some of the structural components of the
smart parking technology.
6. • Smart parking maps: Maps, while super-helpful on a day to
day level, might not be able to provide us with the more
accurate information on finding an on-street parking space.
While the Google Maps or Bing Maps on our devices provide
us real time traffic data including crashes, diversions and
accidents, they only share a likelihood of parking in these
areas. Smart parking technology will help these maps update
specific parking related information, the closer we get to our
selected destination.
• Smart signage: Road signs have always played a role in
guiding both the pedestrian and the driver. However, smart
technologies and their smart signages are a more effective
process of helping coordination between pedestrians and
vehicles. Example - traffic lights and pedestrian crossings that
change color or light up depending on real time or estimated
traffic volumes, during peak hours.
7. • Sensors: Smart parking depends on sensors to detect available
parking spaces, doing the task of looking for vacant parking
spots, instead of the driver having to do it. With the help of
LED indicators, drivers can see the number of parking spaces
available with green or red lights that indicate the availability
or non-availability of parking spaces.
• Smart counter systems - A system to detect when a vehicle
enters and leaves the parking facility. This is a way where IoT
based platforms will be able to give drivers a real time counter
of available parking spots. Additionally, counter systems can
contribute to increasing parking efficiency while determining
future trends and patterns to predict vehicle surges.
• Automated parking systems - This can help reduce the
dependence on land use and increase efficiency of space usage.
An automated parking system also can be used to navigate the
cars across multi storied parking facilities. Its multi-sensored
system helps reduce parking search time, control emission and
is more secure. Being a minimum resource usage facility, an
automated parking system is less dependent on natural
resources like light or ventilation.
8. In the times of Covid 19:
Even after a year post the Covid-19 outbreak, we continue to heavily
rely on technology for safe access and minimum contact in our daily
lives. The parking industry is one business that has radically adapted to
digitization to meet people’s safety and hygiene expectations.
While smart and intelligent parking solutions capacitate the driver with
intuitive and hassle free parking, it has also made the process smoother,
faster and safer. We can say goodbyes to long queues for cash points
forever, now with the emergence of various touch-points for check-ins,
check-outs and payments.
Parking in metropolitan cities can be an overwhelming experience due
to the massive mismatch between the number of car owners and official
parking spaces available. An IBM survey revealed that 58% of those
who drive cars in cities such as Delhi and Bangalore, are the most
stressed globally. With the disproportionate rise of cars on the streets, it
is unknown if modern technology is completely equipped to get rid of
our parking woes forever. However, it is safe to assume that it can
definitely contribute to a more efficient and safer parking system.
9. The future of smart parking:
As per a recent survey, 42% of people who participated in it voted
in favor of smart parking systems. With the help of IoT
applications and other technology, real time parking maps are
likely to become commonplace.
It is estimated that by 2035, 2 billion cars will be on the roads.
Millions of dollars are wasted globally in the absence of timely
parking space. The world is in need of smart parking solutions
now more than ever. With innovations in this field, drivers will be
able to book parking spaces beforehand and plan and commute a
trip, thereby increasing the comfort of city residents while
bringing down time and resource waste significantly.
Smart parking apps can further contribute to urban planning by
helping governing authorities to identify areas with sufficient car
parking space vis a vis those which do not. This extremely
valuable information can help plan a city’s overall development in
the future and cater to the growing dependency on reliable and
easily accessible parking spots.