The economic effects of the current pandemic are impacting every aspect of modern life. Diversifying revenue streams and gaining insights into customer behavior have become top priorities as businesses work to incorporate new and effective recovery strategies as quickly as possible.
With cloud computing integrations, common operations such as touchless parking can be activated without staff members or technicians needing to be physically present on the premises. Business managers can account for lost (or saved!) revenue while finding new potential opportunities, and they can identify issues that need to be resolved as they arise. No need to wait for a weekly or monthly report before making decisions and implementing them in the real world.
So, how are PARCS thriving on the cloud?
Revenue systems that are managed in the cloud provide real-time data feedback. This provides the potential to unlock new revenue by highlighting areas of success, as well as shining a light on neglected or missed opportunities. For the parking industry, this includes the ability to manage and leverage revenue streams, monitor real-time occupancy, and operate equipment remotely.
If a parking attendant miscalculates a charge, or barrier gates and ticket machines are not functioning properly, it is all captured in the cloud. It can be dealt with immediately. Perhaps there are certain days or times when you are seeing surges, or on the flip slide, slow traffic leaves your parking garage empty. No matter the situation, you’ll know in real-time what the status is, and you can react accordingly—24/7, from wherever you are.
Our mobile-first operating system, FlashOS, was developed to address these potential issues and opportunities, liberating parking operators from their legacy investments and preparing them for the future. FlashOS is a digital mobile platform that owners can utilize to dive deep into the insights and analytics of their businesses. Think of it as the engine that powers our entire suite of mobility solutions, including parking access, revenue control, and eParking reservations. All of this raw data is captured and reported back to your business intelligence engine, FlashIQ.
FlashIQ is an artificial intelligence dashboard that displays real-time insights into key metrics, such as revenue, occupancy, and equipment performance, as well as predictive data models. Your dashboard offers a detailed overview of different market statistics that you’ll want to stay on top of, including regional movement trends, commuting patterns, and demand gaps. With instant access to this information, you might see that one section of your garage is regularly not fully occupied, for example. This allows you to strategize and take action to fill the empty space, ultimately leading to more revenue.
Beyond its responsive skillset, FlashIQ can proactively highlight new potential revenue streams and opportunities for partner integrations. It enables complexes—with the abilities to accommodate high-parking volume—to cultivate potential partnerships for underutilized space. Our system provides options for how to optimize that empty space with partner businesses like EV charging stations, electric scooter parking, or a car-washing station.
Working in the cloud enables a holistic view of your parking systems business. With FlashOS and FlashIQ combined in a cloud-based environment, FlashParking is changing the parking landscape. Asset owners gain immediate access to data such as revenue, occupancy, and equipment health to identify opportunities for optimizations and new revenue streams.