TECHNOLOGY
Parket is a South African born-and-bred technology platform that connects supply and the ever-increasing but fluid - and often temporary - demand for parking bays . In addition to the extra revenue streams , while smart cities are still largely concepts in South Africa , platforms such as these are going a long way to proving what is possible in terms of efficiency and reducing carbon emissions . We ’ re able to achieve this through the use of contactless technology , including licence plate recognition technology and QR codes .
The app has demonstrated how technology is building a bridge between supply and demand for parking bays , while generating revenue for customers . This is even more important as South Africa , and the world in general , navigates difficult economic
conditions in the second half of 2022 and beyond .
If we look at City Park , as an example , 750 bays are being managed on our system . Of that number , our data analysis showed that up to 100 of those parking bays used to sit vacant all year round .
Parket gives customers a user dashboard to manage and monetize their parking spaces better , and that “ to have previously empty bays filled and become an extra revenue stream , is a joy to clients ”.
In addition to giving customers the ability to manage their inventory , the consumer facing app can also market the parkade and individual bays available to members of the public who have demand on a specific day or at a specific time .
166 AUGUST 2022 SA Real Estate Investor Magazine