L&T Technology develops AI Parking solution to solve Parking Lot problem

Parking lot

Vadodara India based L&T Technology Services and chipmaker Intel have now partnered to develop an Artificial Intelligence powered parking solution to improve the efficiency of parking lots.

The AI parking guidance system will help drivers to locate parking spaces nearby in the parking lots. The smart parking solution leverages Intel's Open Visual Inference and Neural network Optimization (OpenVINO) toolkit to run AI inferencing models on Intel Xeon scalable processors and Intel Movidius VPUs (Vision Processing Units).

Executive Opinion

Speaking on the development of AI smart parking solutions, Amit Chadha, CEO & Managing Director, L&T Technology Services, said, "Technology and engineering services have the potential to not only enable business benefits but also empower organizations to proactively enhance environmental, social, and governance-related pursuits. With the density of urban environments resulting in wastage of fuel that runs into the thousands of liters every day, such an intelligent solution can help overcome a myriad of issues faced by the industry. Using technologies from a global technology leader like Intel, we look forward to furthering opportunities to introduce disruptive innovations for the larger benefit of humankind."

Jonathan Wood, Senior Director, Next Generation and Standards, Intel Corporation, said, "This latest edge AI-based parking innovation is a natural extension of LTTS’s product portfolio leveraging Intel technologies. Their use of Intel solutions, in the area of smart venues and buildings, further serves as a commitment to consistently introduce disruptive technologies to help Enterprise realize efficiencies from digital transformation."

L&T Technology's Smart Parking Solution

The smart parking solution boosts edge AI capabilities and consists of four key components. The four components include,
  1. Operator portal that hosts user information, 
  2. Mobile app for the end-user, 
  3. Digital signage module for Security, and 
  4. Digital camera
The AWS Cloud powers the AI parking solution and connects all four listed components above.

The company revealed that the parking solution scales to thousands of parking spots among parking lots and does not leverage sensors. L&T Technology Services' AI smart parking solutions features include reservation of parking spots, real-time parking occupancy tracking in the parking lot, and parking insights via AI-enabled surveillance of operations via augmented video analytics.

The company plans to target parking lots in stadiums, airports, office campuses, and shopping malls with its AI smart parking solutions.
PC: Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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