TimeTec Smart Parking 4/12: The Smart Parking Operator

August 30, 2021 TimeTec 0 Comments


The constant change in our life is the result of relentless technological change. Individuals, companies and societies have to warm up to change to adapt to technological advancement. Adaptation is just a passive reaction to the change. Those foresighted and pro-active will benefit more than those who are merely reactive and adapt to the change.

The same happened to the parking industry. Whether the industry players like it or not, the change is now taking place quietly. The most significant change in this industry is the role of the parking operation. It is shifting from professional parking operators to building owner or building management companies. There are more than 400 big and small parking operators in Malaysia, and the number is expected to reduce tremendously over the next 5-10 years.

What causes the decline in this number?

TimeTec Group CEO Teh Hon Seng said, “In fact, this is nothing new. Some building owners, especially shopping malls, already ran their parking operation for a long time. To them, this is a cash cow; why should they outsource it to a third party?”

Technology further drives this trend:
1. Newer and better technology is not costing more but less. Compared to parking equipment a decade, parking owners find it just two-thirds or half of the total investment.

2. The new technology improves automation and reduces staffing. For example, from cash handling parking system to cashless, it eliminates human errors, risk in cash transportation, and tedious daily processes. Besides, remote terminal management, IP intercom and multiple parking locations management, etc., turn all the complexity of parking management into a much simpler operation.
 
3. Reduce maintenance cost due to parking equipment getting cheaper and the use of lesser operators.

We can almost conclude that the above three factors sealed the fate of professional parking operators. But not necessarily the doom. Because when building management companies can move to manage parking operations, parking operators can likewise extend their portfolio to manage buildings, especially when the new technology in parking involves connecting parking activity to other activities related to building management such as visitor management, access control, and tenant management, etc. In short, digital transformation breaks the barrier between these two professions; hence the merging of the two businesses is the natural course of development.

 
“Since we uphold the concept of parking was never a standalone activity when we designed TimeTec Smart Parking System, it’s already a part of our much larger TimeTec Digital Building Ecosystem. Hence, as a solution provider for a smart parking system, we foresee the trend about arriving in this industry. We are here to deliver the better transformation that will benefit the parking industry,” commented Teh Hon Seng.
 

 
Please contact Kelvin Lim, Sales Manager, at kelvin.lim@timeteccloud.com or 012-6891180 for product presentation and demonstration appointments. You may also call 03-80709933 general line or write to info@timeteccloud.com for more information.  

Stay tuned for the 5/12 series next Wednesday on Malaysiakini for TimeTec Smart Parking announcement. For the previous article, click this link:
English version: TimeTec Smart Parking 3/12: Parking - Past, Present & Future
Malay version: Parkir Pintar TimeTec 3/12: Parkir - Dulu, Kini & Masa Hadapan
Chinese version: TimeTec智慧停车系统3/12：停车科技的过去、现在和未来

About TimeTec
TimeTec Group was established in 2000. Over 20 years, the Group had developed three homegrown globally recognized IT brands, FingerTec, TimeTec and iNeighbour, for workforce management, security, smart office, smart residential and smart township solutions unleashing the power of biometrics, cloud & edge computing, IoT and AI technologies. All these solutions connect and change the landscape of work life and home life in a larger ecosystem. Through a vast network, TimeTec Group distributes its biometric hardware products and 16 cloud applications, including IoT devices, to more than 150 countries worldwide. Visit our company websites: TimeTec Cloud,  TimeTec Building, TimeTec Parking.
 
Various renowned clients have subscribed to TimeTec various solutions, including IOI Properties, Putrajaya Holdings, Ibraco, Binastra, Thriven, Hock Seng Lee, QSR Brands, Central Sugars Refinery CSR, Sunway Constructions, Mamee, Yakult, Nano Malaysia Berhad, and many more. The versatility and feasibility of TimeTec products also attract various international customers from all over the world, including Hong Kong, Dubai, Australia, Qatar, South Africa etc.

03-8070 9933     |     Email     |     www.timeteccloud.com     |     Interest Form

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TimeTec Smart Parking 1/12: Go Beyond Parking

August 30, 2021 TimeTec 0 Comments



"Parking is never a standalone activity."

TimeTec Smart Parking System, equipped with ticketless, cashless and touchless functionalities, is enhanced with the next activities flow, be it shopping in malls, business visits, work-related activity, going home, etc., extended to its fullest, helping building owners achieving better parking experience for both casual and season parking.

TimeTec Smart Parking System also offers a wide range of parking and payment methods at its front-end, such as Touch 'n Go card, license plate recognition, QR code, eWallet, credit and debit cards, etc., furnished in a state-of-the-art unattended kiosk, TimeTec TPK, at the entry and exit lanes, to ease the access and payment process.

 
 
For the back-end, cloud-based TimeTec Smart Parking System provides real-time parking updates for the administrator, suitable for a single parking site to multiple large-scale parking deployment locations. TimeTec Smart Parking System's comprehensive features like Flexi parking rules, remote terminal monitoring, parking app, valet parking, enforcement module, availability check, find my car, book a spot, promo code, multiple merchants and rules validation, analytical dashboard and consolidated reports, etc., efficiently reduce cost and improve productivity for parking operation in modern building management. And it also provides the opportunity for building owners to further monetize with TimeTec i-Ad and Near Field Commerce modules.

With TimeTec Digital Building Ecosystem as its backbone, we revolutionize the parking industry and bring TimeTec Smart Parking System beyond parking to become a digital gateway for modern buildings to ensure seamless parking data flow connecting to the next activities; and to spark endless possibilities in the digital transformation era."

 
 
The above is the script extracted from the TimeTec Smart Parking System's marketing video, precisely described the parking solution that TimeTec has offered and accurately explained the objective of TimeTec entered the market is to accelerate the digitalization process for the parking industry.

According to Teh Hon Seng, the CEO of TimeTec Group, "Cashless is fast becoming the mainstream for parking, and touchless would be the next trend; but the two are payment and access method, not the gist of digitalization. We have to emphasize data flow for digitalization, especially for a parking system; data flow is more important than other systems because parking is never the only motive or even hardly a motive for any car owners. Your next activity is definitely more important than parking. Hence, the parking system shouldn't stop at parking. The connectivity of a parking system to the related system is to ensure the free flow of data that creates a better value for car park users and building owners."

Teh Hon Seng, Founder and CEO of TimeTec Group

 
"Better parking experience for users, a new income stream for building owners," concluded Teh Hon Seng in his very first interview for the smart parking series. Stay tuned for further elaboration on TimeTec Smart Parking 2/12 series next Wednesday.
     
Please contact Kelvin Lim, Sales Manager, at kelvin.lim@timeteccloud.com or 012-6891180 for appointments for product presentation and demonstration. You may also call 03-80709933 general line or write to info@timeteccloud.com for more information.  
 

 
 
About TimeTec
TimeTec Group was established in 2000. Over 20 years, the Group had developed three homegrown globally recognized IT brands, FingerTec, TimeTec and iNeighbour, for workforce management, security, smart office, smart residential and smart township solutions, unleashing the power of biometrics, cloud & edge computing, IoT and AI technologies. All these solutions connect and change the landscape of work life and home life in a larger ecosystem. Through a vast network, TimeTec Group distributes its biometric hardware products and 16 cloud applications, including IoT devices, to more than 150 countries worldwide. Visit our company websites: TimeTec Cloud,  TimeTec Building, TimeTec Parking.

Various renowned clients have subscribed to TimeTec various solutions, including IOI Properties, Putrajaya Holdings, Ibraco, Binastra, Thriven, Hock Seng Lee, QSR Brands, Central Sugars Refinery CSR, Sunway Constructions, Mamee, Yakult, Nano Malaysia Berhad, and many more. The versatility and feasibility of TimeTec products also attract various international customers from all over the world, including Hong Kong, Dubai, Australia, Qatar, South Africa etc.


03-8070 9933     |     Email     |     www.timeteccloud.com     |     Interest Form

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TimeTec Smart Parking (2/12): A Whole New Parking Experience

August 30, 2021 TimeTec 0 Comments


"As a user, you arrive at a parking site of a shopping mall or a commercial building that you rarely visit; still, the barrier auto lifted for you. You feel good because it is a welcome sign. However, the feeling might change later when you are asked to scan a QR code that prompts you to a web page to click a few buttons to make a parking payment before you exit. On a bad day, one misstep may lead you to quit the page, and you have to walk back all the way to scan the same QR code, and repeat the process all over again until payment is made."

"When you think that everything finally goes your way, you pick up your car and join the queue. When it is your turn, the barrier remains blocked. I agree that the chance is slim at around 1-2% only for the unrecognized license plates; hardly you'd be the one. No problem. But if the unlucky guy is just several cars in front of you, you'd still end up stuck in the extra-long queue."

"Perhaps this is the intentional hospitality by the shopping mall? Fast checking you in, 'reluctant' to check you out?" humoured Teh Hon Seng, CEO of TimeTec Group. But he concluded, "Good at entry, bad at the exit, doesn't make a good parking experience."

Then what constitutes a better parking experience? And what is the method?


"The best parking experience should be ticketless, cashless, touchless and uninterrupted. The barriers are just for “decoration” purposes."

He added, "For LPR or license plate recognition technology to become perfect, it should solve these two problems. First is improving OCR (Optical Character Recognition) technology to accurately read close to 100% of Malaysia's car plate numbers. Second, no payment action between entries and exits. It should be a simple payment notification pushed to your e-Wallet after you leave the parking site. We may achieve it one day with technology advancement and Bank Negara policy. For the time being, LPR should work fine for season parking with pre-registered car plate numbers."

"There is another access method, cloud-enabled RFID, which I think can achieve the parking experience users anticipate. For example, if Touch 'n Go extends its RFID tag to the parking industry, it will achieve a touchless method for parking access plus the uninterrupted payment process."   


Teh Hon Seng, Founder and CEO of TimeTec Group

"Besides the two parking methods that can achieve near-perfect cashless and touchless experience in the future, there is another possible perfect solution, the e-Plate system that the government plans for better enforcement. If it is implemented and extended to parking, it will change the landscape of the parking industry by replacing all the existing parking methods. The centralized e-plate system usually comes with a microchip, embedded with information of car owner and drivers, as well as car details such as the engine and chassis numbers plus the colour and model, in which a handheld or dashboard-mounted chip reader can tap on."        

 
 
 
 "No matter how advanced the development is, the parking method is just the front-end of the entire parking system. Our in-house developed smart parking ecosystem supports both LPR and TNG systems. Nonetheless, the next activities extended from the parking system can broaden a better parking experience. For example, when you visit a commercial building, the host will absorb your parking fee, or when you park at a shopping mall, you will receive a welcome message telling you that the store you visited last time has a special promotion for you."

In digital transformation, users are indulged with more choices and possibilities, and the best parking experience checklist grows longer.   


Please contact Kelvin Lim, Sales Manager, at kelvin.lim@timeteccloud.com  or 012-6891180 for product presentation and demonstration appointments. You may also call 03-80709933 general line or write to info@timeteccloud.com  for more information.  

Stay tuned for the 3/12 series next Wednesday on Malaysiakini for the TimeTec Smart Parking announcement. For the previous article, click this link:
English version: TimeTec Smart Parking 1/12: Go Beyond Parking
Malay version:  Parkir Pintar TimeTec 1/12: Lebih Daripada Sekadar Parkir
Chinese version: TimeTec智能停车系统1/12: 超越停车的局限
 
About TimeTec
TimeTec Group was established in 2000. Over 20 years, the Group had developed three homegrown globally recognized IT brands, FingerTec, TimeTec and iNeighbour, for workforce management, security, smart office, smart residential and smart township solutions unleashing the power of biometrics, cloud & edge computing, IoT and AI technologies. All these solutions connect and change the landscape of work life and home life in a larger ecosystem. Through a vast network, TimeTec Group distributes its biometric hardware products and 16 cloud applications, including IoT devices, to more than 150 countries worldwide. Visit our company websites: TimeTec Cloud,  TimeTec Building, TimeTec Parking.
 
Various renowned clients have subscribed to TimeTec various solutions, including IOI Properties, Putrajaya Holdings, Ibraco, Binastra, Thriven, Hock Seng Lee, QSR Brands, Central Sugars Refinery CSR, Sunway Constructions, Mamee, Yakult, Nano Malaysia Berhad, and many more. The versatility and feasibility of TimeTec products also attract various international customers from all over the world, including Hong Kong, Dubai, Australia, Qatar, South Africa etc.

03-8070 9933     |     Email     |     www.timeteccloud.com     |     Interest Form

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TimeTec Smart Parking 3/12: Parking - Past, Present & Future

August 30, 2021 TimeTec 0 Comments

Parking history started not when the car was invented in 1866 by Karl Benz, but when cars became widely available in the early 20th century. The history forked in two ways, on-street and off-street parking. For on-street parking, it started in the early 1930s in Oklahoma City, United States. For on-street parking, the parking meter was invented and introduced by Carl Magee to solve the haphazard parking of cars everywhere, causing traffic congestion problems. The installation of the parking meters didn't only solve the traffic problems but also created a new business revenue and a new cost for vehicle owners who wanted to park their cars downtown.

Magee started the Magee-Hale Park-O-Meter Company to manufacture the parking meters. The company later changed its name to POM (the initials of Park-O-Meter), and it is still active in manufacturing parking meters today.

 
 
For public off-street parking, the history traced back much earlier than on-street parking. As more people owned cars, parking became a problem, and cities were looking for a solution to park as many cars as possible on as little space as possible, especially for off-street parking when cars at that time weren't weather-resistant as today's, which preference would be indoor garage-based parking. In 1905: Garage Rue de Ponthieu built the very first automated parking garage in Paris, France. It was a multi-story car park site with an internal lift, which moved the cars from one level to another, with the help of some car park attendants to drive and park the cars in available spaces; or today we called it valet parking. Garage Rue de Ponthieu wasn't a fully automated parking garage, but many consider this garage to be the first with the automated elements and, therefore, the forerunner of the Automated Parking System. Technically, it was a semi-automated parking garage.

1905: Garage Rue de Ponthieu, Paris

Nowadays, all building developments have to allocate specific parking spaces that adhered to cities and municipalities' ratios to ensure adequate parking spaces. For example, a retail mall will generally have a higher parking ratio than an office tower. All kinds of parking system and technologies evolved to fulfil the different requirements over the past decades.

Teh Hon Seng, CEO of TimeTec Group, commented, "For a long period, parking access and fees collection system has been transformed from a manual system to unmanned ticketing and cash collecting machine. Now TimeTec Parking came in the digitalization era to give the parking system another boost, transforming it into a ticketless, cashless and touchless system, which we will discuss in the next few articles in this parking series."

 
After cashless and touchless, what would be the next wave of parking system in the next twenty to thirty years?  

"I'm afraid there would be no parking system by then. We can predict that autonomous or driverless cars would flood the roads in the next two to three decades, and fewer people need to own cars. Carmakers and e-hailing service companies would jointly operate autonomous cars. These cars no longer need parking spaces; they will pick you and drop you off at the right place and at the right time. The arrival of autonomous cars marked the end of the parking system."    

"But since TimeTec Parking emphasizes something beyond parking and the connectivity of continuous activities in the entire digital ecosystem, the omission of parking activity does not break the chain of data flow to achieve better automation for urban living."


Please contact Kelvin Lim, Sales Manager, at kelvin.lim@timeteccloud.com or 012-6891180 for product presentation and demonstration appointments. You may also call 03-80709933 general line or write to info@timeteccloud.com for more information.  

Stay tuned for the 4/12 series next Wednesday on Malaysiakini for TimeTec Smart Parking. For the previous article, click this link:
English version: TimeTec Smart Parking (2/12): A Whole New Parking Experience
Malay version: Parkir Pintar TimeTec (2/12): Pengalaman Parkir Serba Baharu
Chinese version: TimeTec智慧停车系统（2/12）：全新的停车体验

About TimeTec
TimeTec Group was established in 2000. Over 20 years, the Group had developed three homegrown globally recognized IT brands, FingerTec, TimeTec and iNeighbour, for workforce management, security, smart office, smart residential and smart township solutions unleashing the power of biometrics, cloud & edge computing, IoT and AI technologies. All these solutions connect and change the landscape of work life and home life in a larger ecosystem. Through a vast network, TimeTec Group distributes its biometric hardware products and 16 cloud applications, including IoT devices, to more than 150 countries worldwide. Visit our company websites: TimeTec Cloud,  TimeTec Building, TimeTec Parking.
 
Various renowned clients have subscribed to TimeTec various solutions, including IOI Properties, Putrajaya Holdings, Ibraco, Binastra, Thriven, Hock Seng Lee, QSR Brands, Central Sugars Refinery CSR, Sunway Constructions, Mamee, Yakult, Nano Malaysia Berhad, and many more. The versatility and feasibility of TimeTec products also attract various international customers from all over the world, including Hong Kong, Dubai, Australia, Qatar, South Africa etc.

03-8070 9933     |     Email     |     www.timeteccloud.com     |     Interest Form

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