Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Solving the perils of parking with big data

Molly Wood Sep 3, 2013
HTML EMBED:
COPY

Solving the perils of parking with big data

Molly Wood Sep 3, 2013
HTML EMBED:
COPY

If you live and drive in the city, you’ve probably suffered at least one of the many perils of parking. But the tech world is approaching the perennial parking problem full force. Molly Wood, executive editor at CNET, says there is plenty of innovation happening in that sphere – from doing away with parking meters that require change to apps that locate parking spots in real time. 

Wood says applying big data to parking can help cities become more efficient, and ultimately save more money. 

A third of vehicles on the road at any given time are no longer in transit; they’re looking for parking,” she says. Wood notes one pilot program in Los Angeles resulted in a 2 percent savings in the city’s overall budget.

Click the audio player above to hear more and click here to watch this week’s episode of “Always On with Molly Wood” on CNET TV. 

 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.