EasyPark:Swedish Technologists Halve Time Spent Searching for Parking with New Predictive Parking Technology
With the average motorist wasting over 2,500 hours of their life searching for a space in busy city streets, parking is a huge challenge for people and cities. Studies show that 30% of traffic in congested cities is caused by people searching for parking, and that this could contribute to as much as 50 million tons of pollution across Europe.
But there is hope for desperate drivers, thanks to a team of technologists at Europe’s largest parking app, 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 and lets users remotely manage and pay for the parking space when they arrive, creating a simple, seamless experience.
Johan Birgersson, CEO of EasyPark Group, comments: “Our technology team have worked tirelessly for over a decade to solve one of the toughest unanswered challenges in car travel – how to quickly find suitable parking in our increasingly congested cities. Today’s navigation options take you to your destination, but fall flat when you need to find somewhere to park.
“It’s a very frustrating experience when you get where you need to go, but simply can’t park your car – Find & Pay solves this significant challenge for motorists. We’re hugely excited to start bringing the technology to market and to see the profound impact it will have on driver frustration and the challenges of congestion and pollution in cities. This technology has the potential to reduce emissions in cities by hundreds of thousands of tonnes.”
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.
Unlike navigation and transportation in general, the parking industry has experienced relatively few major technology breakthroughs. With the EU industry turning over €26 billion per annum (according to the European Parking Association), and employing 569,000 people, the sector holds significant opportunity for technology-led innovation and disruption.
Birgersson concludes, “We are solving the top two needs expressed by motorists in independent surveys: rapidly finding a place to park close to their end destination; and remotely managing and paying for their parking, all in one simple mobile user experience. But this is just the first step; our technologists will continue to innovate alongside the automotive industry, integrating seamless parking experiences with in-car interfaces, alongside the EasyPark app.”
0845 370 7024
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
Octapharma Share Promising Preclinical Data for SubQ-8, a Novel Subcutaneous Recombinant FVIII, at WFH 201828.5.2018 07:58 | Pressemelding
Octapharma announced today that pre-clinical data for SubQ-8 were presented during a symposium at the recent World Federation of Hemophilia (WFH) 2018 World Congress in Glasgow, UK. SubQ-8, currently under development, is a recombinant FVIII from a human cell line for subcutaneous administration. SubQ-8 is based on Octapharma’s human cell line-derived rFVIII product simoctocog alpha combined with a fragment of the von Willebrand Factor (VWF) protein, and harnesses the protective power of VWF in an innovative approach to facilitate transportation of FVIII into the circulation. Regular intravenous administration of FVIII poses a considerable burden to people with haemophilia A and their families. Alternative routes of administration may help to alleviate some of this burden and improve adherence to prophylaxis therapy. This symposium, entitled ‘Taking FVIII into the future: The development of subcutaneous recombinant human FVIII for the treatment of haemophilia A’, reviewed the challenge
Octapharma present new data on the benefits of Nuwiq® in patients with haemophilia A at the World Federation of Hemophilia 2018 World Congress28.5.2018 07:57 | Pressemelding
Octapharma announced today that new data on the benefits of Nuwiq® in patients with haemophilia A were presented during a symposium at the recent World Federation of Hemophilia (WFH) 2018 World Congress in Glasgow, UK. Nuwiq® is a 4th generation human cell line-derived recombinant FVIII (rFVIII) approved for the prevention and treatment of bleeding episodes in patients of all ages with haemophilia A. The symposium, entitled ‘Going further to meet clinical needs: New data with Nuwiq ® ▼ (simoctocog alfa; human-cl rFVIII) from clinical trials and real-world experience’, focused on the challenges within the current haemophilia treatment landscape and opportunities to improve patient care. The symposium, chaired by Craig Kessler, addressed the reality that no two haemophilia A patients are the same. An optimal treatment approach should therefore reflect each individual patient’s profile. Striving towards this goal, two approaches to using pharmacokinetic (PK) data to personalise prophylaxi
Gemalto Announces Collaboration with Qualcomm Technologies to Integrate eSIM Innovation into the Snapdragon Mobile PC Platform28.5.2018 05:00 | Pressemelding
Gemalto announces a new collaboration that will see its advanced mobile connectivity solutions integrated with Qualcomm® Snapdragon™ mobile PC platform, a product by Qualcomm Technologies Inc., a subsidiary of Qualcomm Incorporated. This paves the way for iSIM commercialization on a growing range of Always Connected PCs, laptops and tablets. The effort will support the integration of Gemalto’s eSIM technology and remote subscription management solutions, with the new Secure Processing Unit (SPU) on the Snapdragon mobile PC platform. As a result, this innovation will provide seamless LTE and forthcoming 5G connection, extended battery life, and a foundation for consumer applications such as online payments, transport ticketing and authentication to cloud services. This initiative represents the first time an eSIM will be integrated with processing platforms designed to power Always Connected PCs and similar consumer devices. Providing benefits for industry players: OEMs optimize their b
CES Asia 2018 Announces Innovation Award Honorees27.5.2018 20:00 | Pressemelding
The Consumer Technology Association (CTA) today announced its Innovation Awards Honorees for CES Asia 2018. Now in its second year, the CES Asia Innovation Awards Program celebrates outstanding product design and engineering in brand-new consumer technology products from CES Asia exhibitors. The program recognizes groundbreaking technologies across 20 product categories, including first-time category artificial intelligence (AI) located primarily in SNIEC, Hall N3 at CES Asia 2018. Additional areas of recognition include augmented reality (AR), virtual reality (VR), content, mobile, vehicle tech, smart home, digital health, wearables and more. CES Asia is a global show with exhibiting companies originating from 23 countries, regions and territories. An elite panel of judges with industry expertise in product design and engineering deliberated on the honorees for this prestigious awards program. The honored products excelled in five criteria: engineering, aesthetics, function and user v
FCF: Greenpeace Allegations Unfair and Deceptive26.5.2018 18:02 | Pressemelding
FCF Fishery, Co. President Max Chou today released the following statement regarding recent misleading Greenpeace human rights abuse allegations made against the company: “We realize that as one of the world’s largest marine products integrated supply chain service providers with more than 30 subsidiaries, fishing bases, and shipping agents around the world, we are a prime target for organizations seeking to garner publicity and those not fully aware of the latest development and improvements that are currently taking place in the fishery industry. However, in their efforts to curb egregious human rights abuses, we believe it is unfair and deceptive to lump our company in with those who condone cruelty and neglect of their laborers. “Although we recognize the meaningful work of Greenpeace in exposing and eliminating human trafficking and sustainability abuses, we are equally disappointed that they are implicating FCF in old incidents and cases that have since been in all instances addr
NBC Universal, Havas Group and Endemol Shine Discuss a Future with AI, Blockchain and VR at IBC201825.5.2018 18:20 | Pressemelding
As is fitting for the home of technical invention and innovation, IBC2018 will present a broad range of ambitious and timely elements to engage, inform and inspire content creators and owners from around the world that will visit the RAI, Amsterdam from 13-18 September 2018. The must-attend event includes fresh inspiring conference themes that will focus on innovative new platforms, audience engagement and interaction/immersion, as well as a wide-ranging exhibition that will encompass all the latest technologies from AI and VR to advanced cloud-based workflows. Registration for IBC2018 is now open at: https://ibc.itnint.com/IBC18/Online/RegLogin.aspx “The media landscape is evolving at an unprecedented rate, with new platforms, technologies and even new realities at our disposal that offer greater opportunities for content innovation and audience engagement,” said Michael Crimp, CEO, IBC. “IBC is preparing an outstanding programme of conference sessions, forums and exhibition features