We live now in an
ever-connected world where APIs (application programming interfaces) are the
game changer for success in the
application economy.
If APIs are
increasingly used for Application Economy Success, it is obvious that, few users
are adequately prepared to maximize their Benefits.
For those who are
unfamiliar, you can use APIs (application programming interfaces) to:
- Build mobile and web applications,
- Integrate back-office systems,
- Enable third-party developers and incorporate third-party ,
- Customer experience
- Faster delivery of new apps,
- Extending digital reach, and more.
Those elements all contribute to application economy success
alongside the right infrastructure; the right suppliers, and clear strategy and
objectives.
According to a global study commissioned by CA ; the study titled “APIs and the Digital Enterprise: From Operational Efficiency to Digital
Disruption,” APIs can add tremendous value to a business, if be
properly created, managed, monitored and secured.
There are strong correlation between the level of API-enabling capability and
the benefits achieved from API-related investments.
On average, advanced adopters are two to three times more
likely to be citing significant benefits than their peers at the other extreme
with limited capability. “It’s not just about whether you use APIs, but how you
implement and manage them.” said Tony Lock, distinguished analyst, Freeform
Dynamics.
When it comes to API business drivers, the study showed 65 percent of Advanced API
users have been able to deliver an improved customer experience versus only 25
percent of Limited users. Similarly, 61 percent of Advanced users have
experienced faster delivery of revenue-enhancing apps versus 23 percent of
Limited users. And in terms of extending digital reach, which is critical in
the app economy, three times as many Advanced users as Basic users (61 percent
vs 21 percent) have seen this benefit.