• Contact
  • Advertise with Us
  • Magazines
Writy.
  • Home
  • Park News
  • Buyer’s Guide
  • PIE Event Home
    • PIE 2026 Event
    • PIE 2025 Event
      • PIE25 Attendee Registration and Travel Details
      • PIE25 Agenda and Content Details
      • PIE25 Exhibitor & Sponsor Partnerships
      • PIE25 ParkFlix Film Festivial
      • Contact PIE25
  • Segments
    • Higher Education
    • Municipal
    • Airport
    • Valet
    • Medical
    • Events
    • Commercial
    • Retail
    • Hospitality
  • Technologies
    • Gated
    • Ungated
    • Enforcement
    • Payments
    • Permits
    • Vehicle Detection
    • Wayfinding and Occupancy
    • Curb Management
    • Valet
    • Events
    • EV Charging
    • Analytics
    • Consumables
    • Lighting
  • Suppliers
    • Private Operators
    • Consultants
    • Engineers
    • Architects
    • Financial
    • Insurance
    • Mergers and Acquisitions
  • Industry Resources
    • Advertise with Us
    • Magazines
    • Industry Events
    • Dealers, Installers & Suppliers – Listings
    • Industry News
    • Parking Jobs Network & RFP/RFQ’s
    • Associations
    • Podcast Network
    • Next Level – Webinar
    • Subscribe to Parking Today
    • Contact
No Result
View All Result
Writy.
  • Home
  • Park News
  • Buyer’s Guide
  • PIE Event Home
    • PIE 2026 Event
    • PIE 2025 Event
      • PIE25 Attendee Registration and Travel Details
      • PIE25 Agenda and Content Details
      • PIE25 Exhibitor & Sponsor Partnerships
      • PIE25 ParkFlix Film Festivial
      • Contact PIE25
  • Segments
    • Higher Education
    • Municipal
    • Airport
    • Valet
    • Medical
    • Events
    • Commercial
    • Retail
    • Hospitality
  • Technologies
    • Gated
    • Ungated
    • Enforcement
    • Payments
    • Permits
    • Vehicle Detection
    • Wayfinding and Occupancy
    • Curb Management
    • Valet
    • Events
    • EV Charging
    • Analytics
    • Consumables
    • Lighting
  • Suppliers
    • Private Operators
    • Consultants
    • Engineers
    • Architects
    • Financial
    • Insurance
    • Mergers and Acquisitions
  • Industry Resources
    • Advertise with Us
    • Magazines
    • Industry Events
    • Dealers, Installers & Suppliers – Listings
    • Industry News
    • Parking Jobs Network & RFP/RFQ’s
    • Associations
    • Podcast Network
    • Next Level – Webinar
    • Subscribe to Parking Today
    • Contact
No Result
View All Result
Writy.
No Result
View All Result

Shark Byte Systems Discusses AI in the Parking Industry

by parkingtodaystaff
May 1, 2022
in Uncategorized

Parking Today interviewed Michael Sharkey, Founder & CEO of Shark Byte Systems, the creator of GarageNet Video Analytics, a parking solution built on Artificial Intelligence and Machine Learning which identifies and tracks every vehicle that enters and exits a parking facility.

Q: How is Artificial Intelligence (AI) and Computer Vision (CV) having an impact on the parking industry?

You might also like

Parking Innovation: Beyond Just Spaces

Parking Innovation: Beyond Just Spaces

March 31, 2025
Cybersecurity Insurance: What Parking Operators Need to Know

Cybersecurity Insurance: What Parking Operators Need to Know

March 11, 2025

A: The impact of these technologies is far-reaching, similar to how social media and smartphones affect so many aspects of our lives today. Currently, technology in the parking industry consists of specialized PARCS and smartphone apps. Each solution has its merits and limitations, but neither provides the complete unified solution that owners, operators, and parkers want. GarageNet Video Analytics brings it all together by utilizing AI and CV to provide comprehensive revenue and audit controls coupled with the convenience of mobile transactions in a single solution. 

Q: What is the GarageNet Video Analytics (GVA) solution?

A: GVA is a suite of CV algorithms that provides vehicle analytics for business intelligence. GVA uses video to identify the make, color, license plate, state, size, direction, and speed and track the movement of every vehicle that enters/exits a parking facility. GVA operates with or without integrated revenue control functionality and can also operate in conjunction with PARCS or as an auditing tool to independently verify all traffic volumes, capacities, and events with full video analysis from any PC/Laptop, tablet, or smartphone.

Q: How does GVA work?

A: As a vehicle enters a parking facility, cameras capture the event and the GVA algorithms automatically create a transaction in the form of a printed or virtual ticket. GVA issues tickets faster and more accurately than humans in valet operations and permits ungated self-park facilities where appropriate. We also incorporate gates where physical security is required. Parkers can pay via multiple payment methods (web/mobile, pay-by-plate, prepaid reservation, kiosks & cashiers, or account on file) prior to exit. 

Q: What is the difference between GVA and standard LPR technology?

A: Over the last decade, most LPR solutions built using early Machine Learning methodologies read license plates with accuracy of 80-90 percent under ideal test conditions. Today’s AI solutions based on Deep Learning algorithms offer a major leap forward and can do much more including determining a vehicle’s make, color, license plate, state, size, direction, and speed in mere milliseconds (there are 1,000 milliseconds in 1 second), and our GVA accuracy is 99 percent in real world conditions (which include low light/night conditions, images taken at various angles, varying image size of plates, partially occluded plates, stacked plates, etc.).

Q: Where is GVA deployed?

A: The majority of our GVA installations are in New York City, one of the toughest and most dynamic parking markets. We process 10,000 GVA transactions per day in self-park, valet, gated, and ungated facilities with commercial operators, real estate owners, and healthcare providers. We count two of New York’s top-rated hospitals with multiple locations among our GVA customers. 

Q: Why should parking operators and real estate owners consider GVA or other Computer Vision solutions?

A: The industry was slow to embrace prepaid reservations, mobile payments, license plate recognition (LPR), and ticketless parking technologies as these features were not convincing enough propositions on their own. 

Real Estate stakeholders recognize AI and CV as proven technologies and essential differentiators for solutions like GVA over previous PARCS. Benefits include highest accuracy, reductions of CapEx, staff, and slippage, faster entries and exits, and enhanced data. 

The data acquired through the AI algorithms provides insights into customer behavior and the history of their interactions, as well as enables predictive analytics to forecast vehicle traffic given multiple factors, such as day of the week, time of day, and weather conditions, as well as dynamic pricing offerings to increase drive-ins when inventory dips below a desired level.

Q: What’s next?

A: AI is here to stay and will provide valuable enhancements over time. The benefits from gains in automation, speed, accuracy, and cost reduction will continue to grow and set the stage for other exciting new applications. We have developed a unique solution and are ready to take on the future.

Q: What’s the takeaway?

A: The 4th Industrial Revolution has begun with the convergence of technologies like AI, CV, Internet of Things, blockchain, and others digitally transforming the infrastructure, replacing the hardware of old with intelligent software of new. The data generated continues to grow and AI applications provide a 360-degree view of business insights for improving performance and customer insights for personalization and targeted marketing. 

The companies that embrace digitization will win. The time to take the first step is now.  

You can reach Michael Sharkey at msharkey@garagenet.com

parkingtodaystaff

Related Stories

Parking Innovation: Beyond Just Spaces

Parking Innovation: Beyond Just Spaces

by jaylanders
March 31, 2025

Parking operators have new opportunities to boost revenue with services like protection plans, parcel lockers, car washes, and peer-to-peer car...

Cybersecurity Insurance: What Parking Operators Need to Know

Cybersecurity Insurance: What Parking Operators Need to Know

by parkingtodaystaff
March 11, 2025

By Katherine Beaty  The parking industry is increasingly digital, from license plate recognition systems to mobile payment apps. Although these...

Overcoming Obstacles On and Off the Lot

Overcoming Obstacles On and Off the Lot

by parkingtodaystaff
March 1, 2025

In his new memoir, Russell Harms shares his journey through mental health challenges, resilience, and redemption in the high-pressure world...

In Memoriam

In Memoriam

by parkingtodaystaff
March 1, 2025

Parking Today notes the passing of Roy Carter, of Toledo Ticket Technologies, and Donald Shoup, of the University of California at...

Load More

Recommended

To Work from Home, Or Not

October 1, 2022

How to be Published in PT’s Industry News

October 1, 2022

Related Articles

PIE at 25: Celebrating Connection, Community, and the Future of Parking
PIE

PIE at 25: Celebrating Connection, Community, and the Future of Parking

May 1, 2025
Leadership, Innovation, and the Future of Parking Today Media
Private Operators

Why Parking Became Our Life’s Work

May 1, 2025
Not Just a Garage but a Landmark
Airport

Not Just a Garage but a Landmark

May 1, 2025
How PIE25 Delivered Big on Connection, Community, and Opportunity 
PIE

How PIE25 Delivered Big on Connection, Community, and Opportunity 

April 11, 2025
Unlocking the Power of Parking Data: How Guidance Systems Drive Smarter Operations
Analytics

Unlocking the Power of Parking Data: How Guidance Systems Drive Smarter Operations

April 17, 2025
PCI 500 Fitness Challenge Boosts Workplace Wellness
Commercial

PCI 500 Fitness Challenge Boosts Workplace Wellness

May 1, 2025
No Result
View All Result
Parking Today

Navigate Site

  • Advertise with Us
  • Contact
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • Industry News
  • Magazines
  • Buyer’s Guide
  • PIE25 Event Home
    • PIE25 Event Home
    • Attendee Registration and Travel Details
    • Content Details
    • Exhibitor & Sponsor Partnerships
    • ParkFlix Film Festival
    • Speaker Applications
  • Segments
    • Higher Education
    • Municipal
    • Airport
    • Events
    • Valet
    • Medical
    • Commercial
    • Retail
    • Hospitality
  • Technologies
    • Gated
    • Ungated
    • Enforcement
    • Payments
    • Permits
    • Vehicle Detection
    • Wayfinding and Occupancy
    • Curb Management
    • Valet
    • Events
    • EV Charging
    • Analytics
    • Consumables
    • Lighting
  • Suppliers
    • Private Operators
    • Consultants
    • Engineers
    • Architects
    • Financial
    • Insurance
    • Mergers and Acquisitions
  • About Us
    • Industry Events
    • Parking Jobs Network & RFP/RFQ’s
    • Podcast Network
    • Next Level – Webinar
    • Contact
    • Advertise with Us
    • Subscribe to Parking Today

Skip to content
Open toolbar Accessibility Tools

Accessibility Tools

  • Increase TextIncrease Text
  • Decrease TextDecrease Text
  • GrayscaleGrayscale
  • High ContrastHigh Contrast
  • Negative ContrastNegative Contrast
  • Light BackgroundLight Background
  • Links UnderlineLinks Underline
  • Readable FontReadable Font
  • Reset Reset