This work first discusses the Intelligent Transportation System (ITS)-oriented dynamic and static Information Acquisition Models (IAMs) and explains the information collection mechanism of the Internet of Things (IoT)-based ITS. The goal is to improve travel conditions and contribute to a better urban environment. In order to do so, the Faster Region-based Convolutional Neural Network (Faster R-CNN) is introduced to extract the IoT-based ITS's electronic data features. It is observed that the Faster R-CNN has excellent recall and accuracy in extracting the features from the ITS electronic data sets. Specifically, the Faster R-CNN's average recall and accuracy reach 83.89% and 86.79%. The accuracy is 6.20% higher than the R-CNN method. Thus, the Faster R-CNN algorithm features more robust and reliable performance for collecting and analyzing ITS data. Overall, this work examines ITS-oriented electronic information collection and automatic detection against the technological background of applying Computer Vision, Deep Learning, and IoT in urban traffic management. In particular, it explains the IoT-based ITS's electronic information collection mechanism under Deep Learning (Faster R-CNN). The finding offers a theoretical foundation for implementing Deep Learning technologies in collecting ITS-oriented big data and smart city construction.INDEX TERMS Intelligent transportation system (ITS), information acquisition model, Internet of Things (IoT), deep learning, faster R-CNN.