Apple Developing Own GPS Based Parking Information Service?

Apple is working on a technology that will couple real-time parking availability information with other parameters to offer users an intelligent parking availability information.

In a patent titled “PARKING & LOCATION MANAGEMENT PROCESSES & ALERTS ” filed with the US Patent and Trademark Office, the company talks of a technology that will consolidate information from a variety of sources ¬†– like the current location of the different buses in your route, the location of the nearest available taxi, streets where a sweeping schedule is on, parking lot availability, Parking cost at different areas, etc. to deliver information to the user that will help them decide where to park their cars.

This is an ¬†“intelligent” technology where the system will deliver the information based on user preferences (like how much they are willing to walk from the parking lot), current weather information (so that a parking space that is more expensive, but closer to office may chosen during bad weather days). The inventors write

“a general profile may indicate a user would be willing to walk 0.5 miles to save $5.00 in parking. However, an inclement weather profile for the user may prioritize avoidance of walking, even if parking was more expensive. A higher security profile may indicate less walking. A profile itself can be selected based on defined user parameters, as well as information retrieved from databases, such as weather-related information from Destination interface, which may access destination weather information stored in destination database.”

It is interesting that a lot of companies are working on GPS-based  Parking Information technology. You might remember the patent filed by Yahoo recently where the company had talked of a similar technology.

What do you make of such a system? Exciting? Let us know in the comments.