Car Park Revenue Optimization
Problem Statement
To Maximize Car Park Revenues by Optimizing Car Park Occupancy and Pricing
Target Audience
Sectors: Airports, IT Parks, Shopping Complexes, Malls, Multiplexes
Revenue: USD 100 Mn and above
Titles:
- a. CCO, CEO, CFO, CIO, VP/Head/Director of Finance, IT & Commercial at Airports
- b. CFO, CEO and CIO, VP/Head/Director of Finance, IT, Facility Manager at other businesses
Solution
- Predicts and recommends future price every day for few days ahead based on historical data analytics, algorithms and business rules
- Provide ongoing basis monitoring and remodeling of algorithms for model optimization
- Provide workflow process for price approval and override decisions to the user
Value Proposition
Enables maximum revenue by optimizing car park pricing and hence optimizing car park occupancy
ROI (Business Case)
5-10 % improvement in monthly car park revenues within 6 months of system go-live
