Chinese smart city services provider Terminus Group has announced a smart parking system that combines artificial intelligence (AI) and IoT technology.
 
For traditional commercial districts in cities, it is said to address high labour costs, low management efficiency, long waiting time for vehicles to access car parks, and overly complicated and confusing payment processes.
 
With a unified platform, Terminus has been able to integrate multiple processes at car parks and kerbs of traditional commercial districts, including monitoring and guiding vehicles entering buildings, parking lot management and services, parking fees collection, automatic errors correction, and managing pending requests for equipment repairs.
 
The centralised parking management provides convenience for the vehicles entering the car parks and other commercial spots around the city.
 
Under a full-time central control centre created by Terminus, the management of commercial parking lots is now able to track and measure the time of entry and exit of the vehicles, track the routes and distances covered by the vehicles, and spot all sorts of abnormal road behaviours, resulting in early-warning system alarms.
 
Furthermore, parking fee collections are made available through the real-time interactive large screens.
 
These should help parking lot operators improve their services in intelligent analysis, early warning systems, operation management and financial management.
 
The system has proved itself in many parking lots. According to the research conducted by Terminus, after applying unmanned guard posts at the front and back entrances of the buildings, as well as applying multi-project coordination at the mid-end of the management process reducing manual verification errors, and the refined operations at the back-end of the overall process, a single parking lot could see its rotation capacity increase by 10% and profit improved by more than 80%.
 
Terminus Group has provided more than 8000 AI and smart services in different cities around the world. Its products and services include smart scene services, cloud platforms, edge networks and terminal products.