A frictionless solution that lasts the test of time.

4.5 min read

There is no doubt that intelligent technologies are here to stay, with more and more organizations opting for a frictionless parking experience for their customers, staff and tenants. If you aren’t on the frictionless train yet, license plate recognition technology (LPR) can help you get there. License plate recognition plays an integral role in your journey towards eliminating physical touchpoints and ensuring a seamless customer journey now and for years to come.

How? We sat down with Jai Bansal, Senior Systems Engineer here at Precise ͵ÅÄ͵¿ú, to discuss why License Plate Recognition is the future of successful and robust parking operations.

Q. Why does License Plate Recognition need to be allocated into annual parking budgets? (J.Bansal)

A. License plate recognition technology is a premium solution that premium organizations across the country continue to utilize- that is why it is lucrative to create a strategic plan that will enable it to work best for your organizational and customer needs. LPR technology is a powerful tool that fosters secure and automatic access control, streamlines parking enforcement and provides valuable data insights for parking program optimization—using a vehicle license plate as a credential. However, it doesn’t stop there. License plate recognition also stimulates hands-free permits, reservations and validations, nurtures loyalty programs and connects your facility with last-mile logistics. All of this is made possible, all while enabling dynamic pricing models, allowing you to set rate structures on the fly.

The technology can be deployed to satisfy various use cases, making it a viable solution for gated and non-gated parking facilities, bringing forth enhanced customer experiences and more innovative business intelligence that allows organizations to get more out of your parking program. It also provides a sustainable and safe way for visitors to enter and exit your facility parking lot, making it a key consideration when developing future road maps.

Q. Where has Precise ͵ÅÄ͵¿ú deployed License Plate Recognition? (J.Bansal)

A. Our license plate recognition solution is currently being used by customers at many locations across Canada. A few include Toronto Pearson International Airport, Billy Bishop Toronto City Airport, Victoria International Airport, the University of Toronto, Quadreal’s The Post in Vancouver and Smart Centres Transit City. As the need for frictionless solutions continues to grow, so will the desire to integrate this cutting-edge technology into new and existing parking solutions.

Q. Where do you see the future of License Plate Recognition in the parking industry? (J.Bansal)

A. The reality is that this technology has been and is currently being used in parking facilities across the globe, and we're just now starting to catch up. License plate recognition technology will continue to progress as more and more organizations begin to integrate it into their parking infrastructures.

Frictionless parking solutions are no longer a desire but a necessity- and the beauty of LPR technology is that it will allow you to future-proof your facility to evolve with your business and customers needs. Precise ͵ÅÄ͵¿ú’s Research and Development division is working diligently towards developing the hardware and software necessary to achieve frictionless LPR parking experiences for our clients and their customers.

As everyday interactions become increasingly digitized, we need to stay one step ahead with technology that will satisfy various use case. Investing in license plate recognition technology will allow you to do just that, creating an intelligent, interconnected and frictionless parking solution that will last the test of time.

Want to learn more about license plate recognition? Check out the full interview below!