INTRODUCTION 

AI is sensibly and carefully arriving at the world of the parking management Industry. We believe that in the upcoming years, it will bring some major changes to revolutionise the system of parking management. AI acquires all the necessary things that are required to make the parking experience effective, convenient, and uninterrupted. There are fields where AI has already made some major changes but there are areas where AI can make some changes in the future. In this article we will discuss how AI is influencing parking management, how it can influence parking management in the future, and the benefits of AI in the parking management Industry.  

What is Artificial intelligence?

Artificial intelligence is denoted by AI and, when a computer system can perform tasks that typically require human Intelligence then that computer system will be called an AI system. AI performs tasks like problem-solving, and decision-making, and also has the capability of learning and making decisions. AI includes the different techniques through which they can interact with everyone in ways, which would sound similar to humans. AI is evolving every day and we are increasingly integrating and blending AI in our daily lives as AI is becoming really influential in evolving and transforming different industries.

How AI is Influencing the Parking Management?

AI is in a prime position to improve the management of the parking. By Implementing AI, it will make it easy for motorists to park their vehicles and enhance their parking experience. Here is how AI is already influencing the parking Management :

• ANPR comes in the category of AI systems and it will check for unauthorised vehicles in the parking area by tracking the real-time movement of the vehicles. If the ANPR detects a vehicle that is parked unauthorisedly then it will process a PCN against that vehicle. Also, if the  ANPR is already mounted on the entry of the parking area and it detects that a vehicle is trying to enter the parking unauthorisedly it will not allow that vehicle to enter the parking area. The ANPR system also helps in maintaining the flow of traffic.
• Sensors and cameras that are powered by AI will have the capability to detect the vehicles in the parking area and then they can provide the live data of the available space for parking.
• AI machines that have the learning capability can study historical data, the patterns of traffic, and many other details so that they can predict the demand and availability of parking in the future. This will help the owners or operators of the parking to customise the pricing according to availability. 
• The navigation systems that are based on AI can help the motorist to the nearest available parking spots by using live data. This will save a lot of time for the motorists as they don’t have to roam here and there while searching for the parking.
• If a vehicle is parked in the parking area for an abnormally long time, the sensors will detect the vehicle and analyse the data, which could prevent potential security concerns.  

Benefits of AI in Parking Management

The Benefits of the AI in parking management are:

• Parking systems that are powered by AI are able to utilise the space better as AI guides the motorists so that there is no congestion. Implementation of AI will result in faster entry and exit which will enhance the parking experience for the users.
• Systems based on AI can monitor the parking space without any hindrance 24/7 and detect the vehicles that are parked unauthorisedly or the vehicles that are suspicious. Doing that will enhance the safety of the parking areas. 
• Using AI will also benefit the operators of the parking areas as they can now analyse and collect the live data in large numbers to monitor things like the occupancy of the parking, patterns of the traffic, and the behaviour of the users. This means that the decision to optimise the pricing, allocation of the space of the parking, and other tasks related to parking will be made based on factual information.
• AI can use the data of the past and anticipate the future outcomes related to parking which includes, the demand and availability of the parking. Based on the needs, the management of the parking areas that are forward thinking will adjust the pricing of the parking flexibly. This will enhance the revenue generation of the parking areas effectively.
• If the customers are provided live information on the availability of the parking space, and if they can book their parking space in advance through mobile applications then it will enhance their experience.  

Conclusion

In the future, AI has the potential to revolutionise the parking industry as it is already very influential. AI may create an ecosystem where vehicles can park themselves and there will be no need for human intervention. Parking systems that are powered by AI are already being influential in enhancing the efficiency, security, and overall experience of the users.

AI will also enhance the security of the parking and as it advances, we should expect that the influence of AI will be more and more and the parking will get fully autonomous. In short, AI is ready to change how the parking industry operates and it will make the industry more efficient. AI is making the parking industry customer-centric and it would not be wrong if we say that the future of the parking industry with AI is really very bright.