L&T Technology Develops an AI Solution for Smart Parking

The smart AI solution aims to solve intricate parking problems

On 17th May, L&T Technology Services announced the development of a smart parking solution working in collaboration with the Intel Corporation. The solution leverages the efficient capabilities of AI and has four key components according to the company. They are an operator portal that hosts user information; a mobile application for end-user interface; a digital signage module to ensure safe and secured access; and a digital camera. All these components are connected through the AWS cloud platform, hence making it easily available and accessible to people.

The smart parking solution is powered by the Intel Distribution of the OpenVINO toolkit to run the AI inference model on Intel Xeon scalable processors and Intel Movidius VPUs. The solution does not require any sensors and is capable of covering more than 1000 parking slots and has edge AI capabilities, which makes it an intelligent solution that can revolutionize the outdoor parking experience.

This AI solution born out of the collaboration between two leading tech giants is set to offer personalized services to its users through an app. The offerings include reservation of parking spots, real-time occupancy tracking, and parking insights. The solution will leverage augmented video analytics and AI-based surveillance to provide intelligent real-time parking insights to the operators. The company says that it can be easily installed in airports, stadiums, malls, and office spaces.

L&T technology is a global leader in engineering services and R&D. The company had collaborated with Cadence Design Systems Inc. back in 2018 to develop an NB-IoT protocol stack IP that enabled a wide range of connectivity of devices and networks. This solution was claimed as a smart technology with many impacts including smart vehicle parking management. LTT has another proprietary building automation framework known as i-BEMS that operates as an enterprise IoT solution. All of these tech innovations along with the current smart parking solution are all milestones for the company in the area of AI and disruptive tech for the future.

According to the L&T release, Amit Chadha, CEO, and Managing Director, L&T Technology Services, said "Technology and engineering services are not only impacting business transformation but also have potential capabilities to empower organizations to enhance environmental, social, and governance-related pursuits. He further said, "With the density of urban environments resulting in wastage of fuel that runs into the thousands of liters every day, such an intelligent solution can help overcome a myriad of issues faced by the industry. Using technologies from a global technology leader like Intel, we look forward to furthering opportunities to introduce disruptive innovations for the larger benefit of humankind."