In the News

IBM and Streetline Address One of the Great Unsolved City Problems: Parking

Date: 09/28/2011

Company: Streetline

Source: Streetline

ARMONK, N.Y. and SAN FRANCISCO, 28 Sept. 2011 – IBM (NYSE: IBM) and Streetline, Inc. today announced a collaboration to help cities of all sizes reduce congestion, better manage parking availability and resources and put information at people’s fingertips to find parking faster.

Combining information management and advanced analytics from IBM with data gathered from parking sensors and applications from Streetline will allow cities to make smarter and more timely decisions related to parking and their transportation systems. Officials will be able to use this Smarter Parking solution to better understand parking patterns so they can improve citizen services, optimize revenue and more effectively allocate city resources.

Around the world, commuters deal with the daily struggle of finding a parking space. In fact, experts estimate that this causes 30 percent of urban traffic congestion. A global survey of commuters in 20 international cities conducted by IBM found that in the past year, nearly six out of 10 drivers had abandoned their search for a parking space at least once and drivers have spent an average of nearly 20 minutes in pursuit of a coveted spot.

IBM and Streetline will help cities deal with some of the toughest transportation challenges they face around parking. In the future, insight from the historical and real-time data being gathered can help cities become more proactive in anticipating how parking and their transportation network interacts with other city services and plan accordingly from how it might affect economic development and merchant services to how to appropriately schedule mass transit to how best to plan around infrastructure projects or special events.

Read full story at Streetline

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