Harnessing Big Data: Technoso’s Visionary Approach to Urban Parking

In the heart of Tel Aviv, where the rhythm of life is dictated by the ebb and flow of traffic, we at Technoso are pioneering a transformation that goes beyond mere parking solutions. We’ve recognized an opportunity as the city’s streets buzz with activity, and every available space becomes a premium. An opportunity to harness the vast potential of big data, turning challenges into innovations and redefining the very essence of urban parking.

For years, we’ve been deeply entrenched in the intricacies of parking, understanding its nuances and the unique challenges it presents.

Our foresight to see beyond the obvious led us to an epiphany. We realized that in the vast streams of data generated every day, lay the answers to some of the most pressing challenges of urban parking. And so, our journey into the realm of big data began.

Consider the Following Use Case

A modest parking lot in Tel Aviv, offering just seven spaces. To the untrained eye, its potential might seem limited. Yet, last month, this unassuming lot generated a revenue of 23,000 shekels. Our secret? Big data. With our proprietary system, we could discern when the lot was busiest and when it was relatively empty. This insight allowed us to dynamically adjust pricing, optimizing revenue during peak times and incentivizing usage during off-peak hours.

A Holistic Vision for the Future

But this is just one chapter in our ongoing story. Our vision for the future of parking is holistic, aiming to create a seamless ecosystem integrating leasing, operations, and sales. Big data is the linchpin in this vision. Without its insights, the risks in such an ambitious endeavor would be insurmountable.

Our data repository, meticulously built over the years, offers a panoramic view of Israel’s traffic patterns. But it’s not just about collecting data; it’s about what we do with it. Our algorithms, powered by this data, boast a 99% camera recognition rate, a testament to our commitment to precision and excellence.

Scaling Up: The Next Phase

As we gaze into the future, we’re excited about the next phase of our journey. In the coming years, we’re gearing up to scale our system, transitioning to a multi-tenant platform that promises real-time actionable insights. This evolution will empower parking lot operators with actionable recommendations, all at the click of a button.

Commitment to Innovation and Excellence

Since our inception in 2013, our mission has been unwavering: to be at the forefront of traffic data collection. Today, with a 30% market share in Israel, we’re proud of the strides we’ve made. Our commitment to in-house development, with over 15% of our workforce dedicated to it, underscores our belief in self-reliance and innovation. We’re not just building a business but shaping the future of parking.

Every decision we make, and every strategy we adopt is driven by a long-term vision. We believe in reinvesting in ourselves, channeling our profits into data collection and company development. This approach, we believe, sets us apart, positioning us years ahead of our competition.

Join Us on Our Journey

We invite you to join us as we continue on this exciting journey. Together, let’s redefine the future of urban parking, one data point at a time.

About Technoso Control Systems LTD 

Technoso Control Systems develops, installs, and operates parking access and revenue control systems. The company provides a one-stop-shop parking solution so that parking managers don’t have to interact with multiple service providers.

Technoso Control Systems is a global leader in Ticketless parking technology with a proven record of approximately 100 operational ticketless parking lots.