itwbennett writes "It's not just a parking spot, think of it as a 'revenue-producing asset,' says Vinodh Swaminathan, IBM's director of intelligent transportation systems. Working with San Francisco-based startup Streetline, IBM has launched a system designed to help cities ease parking congestion and collect more parking fees. Streetline's remote sensors can determine if a parking space is taken by a car, whether a customer has paid, and how much time is left on the meter. And IBM's business intelligence software parses the data and generates reports and statistics for government managers. Drivers can benefit too: A free mobile phone app can help locate available parking spaces."