Listen To The Story

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. 


“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Molly Wood at @mollywood