Parkva Introduces Real-Time Parking Occupancy Monitoring with Parkva Insight and ParkvaCam

CHICAGO (May 11, 2021) – Parkva, a leading AI-driven solutions provider in the parking industry, is excited to announce its latest innovation, Parkva Insight, in combination with the IoT-based ParkvaCam. This cutting-edge parking video analytics system offers real-time parking occupancy status, enabling the public to utilize scarce parking resources efficiently.

"Parkva Insight, combined with ParkvaCam, is revolutionizing how municipalities manage and the public utilizes parking resources," said Rob Benson, CEO of Parkva. "By offering real-time occupancy status and predictive analytics based on historical usage, day of the week, and weather conditions, we're making parking more efficient and convenient."

Parkva Insight is deployed where parking resources are scarce, such as; beach parking, event parking, trailhead parking, downtown street-side parking, and remote airport parking.

The City of Lake Forest, IL, is one of the first municipalities to take advantage of this innovative technology. By installing nine ParkvaCams to monitor beach parking capacity, residents can now use the city's mobile app (Lake Forest Now) to check the real-time occupancy status of the parking lot. The app provides a digital twin of the lot, showing the status of each parking space, including the availability of four accessible parking spaces.

Lake Forest residents have praised the application for its convenience and accuracy. Now, they can check parking availability before making the 15-minute drive from West Lake Forest, avoiding potential disappointment if the lot is full.

With the introduction of Parkva Insight and ParkvaCam, Parkva continues to bring its innovative solutions to more communities, aiming to revolutionize the parking industry through the power of AI and IoT technology.

For more information about Parkva Insight or ParkvaCam, please visit our website or contact our press representative below.

About Parkva: Parkva is a cutting-edge technology company specializing in AI-driven video analytics to solve parking problems. Using artificial intelligence and machine learning, Parkva solutions detect parking occupancy and violations 24/7 without human intervention. Moreover, the company integrates this functionality into the existing parking ecosystem of applications that serve private enterprises, municipalities, and drivers.

Press Contact: 

Rob Benson
CEO
rbenson@parkva.com
847-231-2503