PARKING PAL Presented by Brandon Woods, Gordon Whyte, Brennan O’Connor and Kallen Laursen.

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Presentation transcript:

PARKING PAL Presented by Brandon Woods, Gordon Whyte, Brennan O’Connor and Kallen Laursen

How it works Using location services the Parking Pal will: Track your location Access the street cameras within a 2km radius Spot a open parking spot or space using the cameras Once a space is found, the app will lock on the location of the space into your phone and give you directions to the spot If no spots are available the app will provide a list of nearby parking garages with their rates included February 27, 2017 parking pal

Overview of App Providing a service that is built on convenience and efficiency App will make it easier and much quicker to find open parking spots Especially helpful in major cities and other busy places and events Providers: Creators of the app “Parking Pal” and the Government for providing access to street cameras Consumers: Everyone who owns a car and wants a simpler way to find a parking spot May require more than one slide February 27, 2017 parking pal

Value App will be priced at $2.99 in various app stores (Itunes, Google Play) Will provide nearby business the opportunity to purchase advertisement space in the app If successful enough will look for support from sponsors February 27, 2017 parking pal

Key challenges faced It is no secret that there are a millions of mobile apps out there. This app is a disruptive technology trying to create new efficiencies: both the efficient use of space and efficient car travel Funding is a great challenge for the development of the app. Investors Municipal governments Online platforms that give you the chance to get funds February 27, 2017 parking pal

Key challenges Legal threats New era of parking is transforming the parking industry, illustrating a shift from cash-based to mainly electronic payment methods. Access to the city cameras Device compatibility How able are we able to fit across all the devices? Apple and Android products have very different OS requirements. Ease of navigating February 27, 2017 parking pal

Competition assessment Parking Whiz: Allows you to pre book your parking spots Parking Panda: Allows you to find a parking spot using laser technology Spot Hero: Allows you to find the cheapest place to park Best Parking: Allows you to find parking spots close, and around airports. This app has 850,000 users a month. February 27, 2017 parking pal

Will this App be Successful in the Long Run? YES Convenience Save time on road Strategic plan of avoidance Decline lineups and traffic Large market Low priced May require more than one slide February 27, 2017 parking pal

Future of Parking Pal In-car voice-activated service More than just a parking app Virtual Valet service February 27, 2017 parking pal