Parsons Unveils Updated iNET®, an AI-Enabled, SaaS Smart Mobility Solution
Parsons (NYSE: PSN) has launched an updated version of iNET®, its intelligent transportation software. Built on Microsoft Azure, the enhanced iNET® integrates AI and machine learning to offer advanced monitoring, improved user experience, and optimized transportation system performance. Key features include:
1. iNET® Sidekick: An AI-based virtual traffic operator using Azure OpenAI Service technology.
2. Enhanced cybersecurity measures.
3. Configurable SaaS or enterprise platform.
4. Reduced operational costs and greenhouse gas emissions.
5. Scalable solution for various users, including cities, airports, and sporting venues.
The update is particularly relevant for upcoming major events like the World Cup and Olympics in North America.
Parsons (NYSE: PSN) ha lanciato una versione aggiornata di iNET®, il suo software per il trasporto intelligente. Costruito su Microsoft Azure, l'iNET® potenziato integra AI e machine learning per offrire un monitoraggio avanzato, un'esperienza utente migliorata e prestazioni ottimizzate del sistema di trasporto. Le caratteristiche principali includono:
1. iNET® Sidekick: Un operatore virtuale di traffico basato su AI che utilizza la tecnologia di Azure OpenAI Service.
2. Misure di cybersicurezza potenziate.
3. Piattaforma SaaS o aziendale configurabile.
4. Costi operativi ridotti e minori emissioni di gas serra.
5. Soluzione scalabile per vari utenti, incluse città, aeroporti e impianti sportivi.
L'aggiornamento è particolarmente rilevante per i prossimi eventi importanti come la Coppa del Mondo e le Olimpiadi in Nord America.
Parsons (NYSE: PSN) ha lanzado una versión actualizada de iNET®, su software de transporte inteligente. Construido sobre Microsoft Azure, el iNET® mejorado integra IA y aprendizaje automático para ofrecer un monitoreo avanzado, una experiencia de usuario mejorada y un rendimiento optimizado del sistema de transporte. Las principales características incluyen:
1. iNET® Sidekick: Un operador de tráfico virtual basado en IA que utiliza la tecnología de Azure OpenAI Service.
2. Medidas de ciberseguridad mejoradas.
3. Plataforma SaaS o empresarial configurable.
4. Costos operativos reducidos y menores emisiones de gases de efecto invernadero.
5. Solución escalable para varios usuarios, incluidas ciudades, aeropuertos y lugares deportivos.
La actualización es particularmente relevante para los próximos eventos importantes como la Copa del Mundo y los Juegos Olímpicos en América del Norte.
Parsons (NYSE: PSN)는 자사의 지능형 교통 소프트웨어 iNET®의 업데이트된 버전을 출시했습니다. Microsoft Azure를 기반으로 구축된 향상된 iNET®은 AI와 머신 러닝을 통합하여 고급 모니터링, 개선된 사용자 경험 및 최적화된 교통 시스템 성능을 제공합니다. 주요 기능은 다음과 같습니다:
1. iNET® Sidekick: Azure OpenAI Service 기술을 사용하는 AI 기반 가상 교통 운영자.
2. 강화된 사이버 보안 조치.
3. 구성 가능한 SaaS 또는 기업 플랫폼.
4. 운영 비용 및 온실가스 배출량 감소.
5. 도시, 공항 및 스포츠 venues를 포함한 다양한 사용자를 위한 확장 가능한 솔루션.
이번 업데이트는 북미에서 열리는 월드컵과 올림픽과 같은 주요 행사에 특히 중요합니다.
Parsons (NYSE: PSN) a lancé une version mise à jour de iNET®, son logiciel de transport intelligent. Basé sur Microsoft Azure, l'iNET® amélioré intègre IA et apprentissage automatique pour offrir une surveillance avancée, une expérience utilisateur améliorée et des performances optimisées du système de transport. Les caractéristiques clés comprennent :
1. iNET® Sidekick : Un opérateur virtuel de trafic basé sur l'IA utilisant la technologie du service Azure OpenAI.
2. Mesures de cybersécurité renforcées.
3. Plateforme SaaS ou entreprise configurable.
4. Réduction des coûts opérationnels et des émissions de gaz à effet de serre.
5. Solution évolutive pour divers utilisateurs, y compris les villes, les aéroports et les lieux sportifs.
La mise à jour est particulièrement pertinente pour les prochains grands événements tels que la Coupe du Monde et les Jeux Olympiques en Amérique du Nord.
Parsons (NYSE: PSN) hat eine aktualisierte Version von iNET®, seiner intelligenten Transportsoftware, auf den Markt gebracht. Das verbesserte iNET® basiert auf Microsoft Azure und integriert KI und maschinelles Lernen, um eine fortschrittliche Überwachung, ein verbessertes Nutzererlebnis und eine optimierte Leistung des Transportsystems zu bieten. Zu den Hauptmerkmalen gehören:
1. iNET® Sidekick: Ein KI-basierter virtueller Verkehrsoperator, der die Technologie des Azure OpenAI Services nutzt.
2. Verbesserte Cybersicherheitsmaßnahmen.
3. Konfigurierbare SaaS- oder Unternehmensplattform.
4. Reduzierte Betriebskosten und Treibhausgasemissionen.
5. Skalierbare Lösung für verschiedene Nutzer, darunter Städte, Flughäfen und Sportstätten.
Das Update ist besonders relevant für bevorstehende Großereignisse wie die Weltmeisterschaft und die Olympischen Spiele in Nordamerika.
- Launch of updated iNET® software with advanced AI and ML capabilities
- Integration with Microsoft Azure platform enhancing cybersecurity and scalability
- Introduction of iNET® Sidekick, an AI-based virtual traffic operator
- Potential for reduced operational costs and greenhouse gas emissions
- Expanded market reach to various sectors including cities, airports, and sporting venues
- None.
Insights
Parsons' updated iNET® represents a significant leap in intelligent transportation systems. The integration of Azure OpenAI Service in iNET® Sidekick is particularly noteworthy, as it transforms human-machine interaction in traffic management. This AI-driven virtual operator can potentially reduce response times and improve decision-making in critical situations.
The system's ability to index and process vast amounts of data, including agency policies, could lead to more consistent and compliant operations. However, the effectiveness will largely depend on the quality and update frequency of the indexed information. The scalability offered by the Azure platform is important for handling the increased data load and computational demands of AI-driven features.
The timing of this release is strategic, aligning with upcoming major sporting events in North America. This positions Parsons to capitalize on the increased demand for advanced traffic management solutions. The SaaS model could provide a steady revenue stream and easier adoption for smaller municipalities or temporary event organizers.
However, the market for smart city solutions is competitive. Parsons will need to demonstrate clear ROI and operational benefits to stand out. The emphasis on reducing operational costs and greenhouse gas emissions aligns with current market trends and regulatory pressures, which could be a key selling point. The partnership with Microsoft adds credibility and might facilitate faster market penetration.
While specific financial figures aren't provided, this product update could positively impact Parsons' revenue in the smart mobility sector. The SaaS model typically offers higher margins and more predictable revenue compared to traditional software sales. The scalability of the Azure-based solution could also lead to improved operational efficiency for Parsons.
Investors should watch for adoption rates and contract values in upcoming quarterly reports. The potential for large-scale deployments for major events like the World Cup and Olympics could provide significant revenue boosts. However, the impact on overall company performance may be , as this is just one product in Parsons' diverse portfolio. The stock's performance will likely depend on broader company results and market conditions.
CHANTILLY, Va., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced the launch of the newest iteration of iNET®, the company’s industry-leading intelligent transportation software. Built on the Microsoft Azure platform, the enhanced iNET® revolutionizes transportation network management, efficiency, effectiveness, and safety. By integrating artificial intelligence (AI) and machine learning (ML), it offers advanced monitoring and decision support, an improved user experience, and optimized transportation system performance that helps reduce greenhouse gas emissions. Additionally, it provides unmatched cyber security, all in a configurable software-as-a-service (SaaS) or enterprise platform.
“We are pleased to bring forward the newest version of iNET®, a modernized solution that optimizes transportation operations while reducing operational cost,” said Ricardo Lorenzo, chief technology officer, Parsons. “Utilizing tools from Microsoft allowed us to enhance the AI features iNET® offers, bringing a smart, secure, cloud-based, and scalable solution to our customers around the world.”
This update introduces iNET® Sidekick, an AI-based virtual traffic operator that utilizes Azure OpenAI Service technology, allowing human operators to gain instantaneous insights into the system data and corrective actions, using a conversational interface. Sidekick indexes iNET® real-time and historical data alongside thousands of pages of agency policy manuals, in order to provide clear and concise guidance to operators in natural language, thus increasing the efficiency, consistency and overall safety of traffic operations. This technology is especially timely with major sporting events like the World Cup and Olympics, which can benefit from the traffic management capabilities, being hosted in North America in the coming years.
"The updated iNET® platform advances Parsons’ and Microsoft’s shared goals of helping public sector organizations accelerate their digital transformation journey,” said Didier Ongena, Government Lead for Worldwide Public Sector, Microsoft. “Built on Microsoft Azure OpenAI Service, iNET® brings enhanced AI and machine learning capabilities to cities, counties, states, and municipalities looking to improve transportation operations, provide better citizen services, and enhance internal efficiency.”
iNET®, Parsons’ award-winning advanced traffic management solution (ATMS), is designed to meet the needs of clients, no matter the size of their operations. This modular system is highly configurable, serving the needs of traditional ATMS users like cities, counties, and states, as well as newer users, like airports, seaports, spaceports, and sporting event venues.
To learn more or request a demo of Parsons’ smart mobility solution, iNET®, visit parsons.com/products/inet/.
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.
Media Contact:
Chelsie McKittrick
+1 512.719.6877
Chelsie.Mckittrick@parsons.com
Investor Relations Contact:
Dave Spille
+1 703.775.6191
Dave.Spille@parsons.us
FAQ
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