292: Using A.I. To Manage Traffic with Parquery CEO Andrea Fossati

There's a lot of buzz around A.I. and what the future holds... but what about its potential to change today's problems? All of us deal with traffic in our cars and there are A.I. systems already in place around the World helping to solve this issue. One such company is Switzerland based Parquery. Johnny speaks with CEO & Co-Founder Andrea Fossati to find out how they're able to help better control the flow of traffic both at intersections and in parking management. Then Johnny and Derek reflect on the good and bad traffic systems they've encountered around the world and how they'd execute Parquery's technology to optimize profitability. About Andrea Fossati: Andrea Fossati co-founded Parquery in 2014 as a spin-off from ETHZ (Swiss Federal Institute of Technology of Zurich) and is currently its CEO. Parquery launched the first video-based Smart Parking Project in 2015 and is currently running 100+ Smart Parking and Mobility projects worldwide. Andrea Fossati received a Master of Science in Computer Engineering from Politecnico di Milano in 2005 and a Master of Science from the University of Illinois in Chicago in 2006. He completed his PhD at the Computer Vision Laboratory (CVLab) at the Swiss Federal Institute of Technology of Lausanne (EPFL). Since 2010, he has been working as a postdoctoral scientist at the Swiss Federal Institute of Technology of Zurich (ETHZ), where he has conducted research in various computer vision sectors and co-edited the book "Consumer Depth Cameras for Computer Vision", which was published by Springer in 2012. Discussed:  Parquery Official Site Parquery's A.I. Traffic Light Demo Video Where we are: Johnny FD – Pattaya, Thailand / IG @johnnyfdj Sam Marks - Bangkok, Thailand / IG @sammarks12 Derek – Los Angeles, US / IG @DerekRadio Sponsor: ILAB PatreonJoin the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss Time Stamp: 00:20 - Derek/Johnny Intro 05:03 - Interview with Andrea Begins 20:39 - Obstacles to Implementing A.I. Cameras 26:45 - Was this technology around before the A.I. hype? 31:46 - Derek/Johnny Recap What Traffic Problems They've Seen If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify. Copyright 2024. All rights reserved. Read our disclaimer here.