Parkloco, a U.S. parking data analytics firm, announced the launch of a new product line, Parkloco Intelligence. The various product features aim to streamline business processes and improve operating efficiency in what is still a fairly manual and labor intensive industry.

The company says it employs cutting-edge technologies in machine learning and data science to facilitate the industry to make more informed, data-driven decisions. This product line is designed to enable ownership groups, property management companies, and parking operators to simulate parking rates and their impact, prepare revenue projections, and maintain portfolio-wide budgets on a single platform.

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