GrayMatter’s Car Park Revenue Management (CPRM) has been successfully implemented at Swedavia. The system serves Stockholm and Goteborg Airports with around 15,000 slots across 17 parks and 7,000 slots across 7 parks respectively.
GrayMatter’s CPRM is a machine-learning based solution that forecasts car park occupancy and optimizes car park slot prices with the objective of maximizing car park revenues.
Mr. Dejan Inic, Senior Project Manager, Swedavia, said, “It was a good experience working with the GrayMatter team through the engagement. With this system in place, we look forward to much improved pricing decisions”
Ms. Vita Andrews, Head of Parking, Parking & Entry, Swedavia AB, stated, “We are happy to have implemented this dynamic pricing system; this would accrue significant revenue gains to Swedavia”
Mr. Vikas Gupta, CEO, GrayMatter, said ” CPRM is a solution built on latest technologies that delivers stellar value to car park operators. I am glad to see this going live at Swedavia Airports”
About Swedavia:
Swedavia owns, operates and develops Sweden’s national basic infrastructure of airports. These ten airports form a system that connects Sweden together as well as connects Sweden with the rest of the world. The company was formed in 2010 and is wholly owned by the Swedish State. Together with its partners, Swedavia creates added value for its customers by offering attractive airports and access that provide smooth and inspiring travel experiences. Swedavia’s aim is for our airports to be the most important meeting places in Scandinavia, along with being an international role model in sustainability and a growth engine for all of Sweden.
About GrayMatter:
GrayMatter is a Big Data, Analytics, Data Science, Artificial Intelligence & IoT Data Integration specialist company with over 200+ successful BI implementations across USA, EMEA & APAC across multiple industries. The Company was incorporated in January 2006 and today the GrayMatter team comprises of 160+ engineering and software professionals.
From its inception till now GrayMatter has developed its deep domain and analytics knowledge and has developed industry specific analytics products for Airport, Insurance and Manufacturing sectors.
Research and Development for GrayMatter’s Airport Analytics (AA+) solution has been further fueled by €3 million investment by Tekes, a publicly funded expert organization for financing Research, Development and Innovation in Finland. The AA+ solution has also been certified on the SAP technology stack.
