Whilst many businesses have a basic understanding of the value of data, they may not know how to efficiently generate profitable value from the information. YourParkingSpace data analytics allows you to convert data from meaningful insights into actionable business decisions.
A typical car park in the UK will require approximately three different hardware providers in order to supply the access system, enforcement system and payment system on site.
With the parking industry in desperate need of innovation, existing suppliers have no choice but to produce static and offline products. This means that as a business you will need to allocate resources to extract separate data from each piece of hardware. In addition, you must analyse this raw data and produce a report based on individual understanding and manual forecasting. If you’re a business without a data specialist, this can be an extremely difficult and expensive task.