Achieve faster time-to-market and accelerate innovation with an API-first strategy
Design APIs as first-class products to provide increased reusability and a great experience for your API consumers, whether clients or partners.
By valuing your APIs as first-class products, you can build an open ecosystem leveraging easy publishing and consumption with API Management platforms.
Digitization and an API-First strategy aims at designing digital products to gather business opportunities from multiple channels (web, mobile, bots, IoT, ...).
This context leads companies to open/collaborative innovation and valuation of assets often residing in legacy systems built on opaque and closed technology.
Securely exposing digital assets on top of these systems requires a scaleable façade (API), sized for a larger audience and built on open web technologies (e.g., REST) and security standards. These lead to new integration paradigms and use of tools for efficient management of a company’s digital assets – this is where the API management platforms come in.
The two purposes of API management:
- From the perspective of API providers, these tools refer to making APIs available, controlling them and analyzing their consumption.
- From the perspective of API consumers, a solution should facilitate the discovery, consumption, and monitoring of APIs.
Last, but not least, an API management solution must cover the valuation of digital assets and address new business models via monetization features. All of these API management features should be part of a virtuous circle aiming at the satisfaction of both parties.