Lightwell Business Technology Blog

If you build the API, they will come…and then what? Building an API doesn’t stop at releasing the API. While an API is not a piece of software in the traditional sense, API management is critical to ensure that it is helping your organization meet its intended goals.

An API needs the proper controls in place, as well as routine maintenance and monitoring to make sure it’s operating the way it was envisioned. Issues that crop up can be dealt with before they become big problems. Additionally, managing and monitoring the API can help determine ROI and provide valuable user information that helps your organization optimize the API for its audience.

According to an Enterprise Management Associates survey on the API economy, most organizations use API gateways and platforms as their primary methods of tracking API transactions. Additionally, almost half of the companies surveyed have created a dedicated API Manager role within the organization, often under the IT umbrella.

This has become necessary as most of the companies surveyed are delivering and managing dozens of APIs to both providers and consumers. 

The API process is a lifecycle, and that requires ongoing testing, upgrades, and post-deployment support, among other services.  Let’s explore some the basics around managing APIs.

Application programming interfaces (APIs) are changing the ways companies do business. From integrating deeply with legacy backend systems to pulling in new data sources, organizations are finding new uses for existing data—and with it, more opportunities for revenue.

As the Internet of Things (IoT), omnichannel strategy, and hybrid cloud continue to evolve, APIs will be the glue that holds systems together and the key that simultaneously unlocks the door to opportunity.

Many organizations are looking to APIs to solve their integration challenges and move toward a more digital organization. According to MuleSoft’s Connectivity Benchmark Report, 72 percent of enterprises already have an API strategy−and generating revenue is the top priority.  

As your organization moves forward with its own API strategy, it may help to draw inspiration from some of the most forward-thinking companies already leveraging APIs to better serve customers, employees, and partners—including the world’s most popular music streaming service, a logistics company that needed to serve a new market efficiently, and a retailer that needed to create better in-store and online experiences for customers.

With all the chatter about digital transformation and digital economy, application programming interfaces (APIs) have moved into the spotlight. As organizations are striving to transform by connecting their disparate systems, adding new capabilities on top of legacy software, and expanding into new channels, geographies, and business models—APIs can help solve integration challenges and enable organizations to focus on growing the business…not on IT issues.

APIs can open up numerous business opportunities and play a critical role in a company’s digital strategy. However, many enterprises aren’t leveraging them effectively to make their data stores and applications more accessible—and are therefore missing out on opportunities to serve internal and external customers better.

Also, this can mean missing out on significant revenue opportunities. The 2017 MuleSoft Connectivity Benchmark Report reports that over 50 percent of companies surveyed already are making money from their APIs or plan to in the near future. Additionally, 80 percent of large companies—those with over 10,000 employees—already make more than $5 million a year from APIs. If your organization doesn’t have an API strategy, it’s time to look at what APIs are and what they can do for you. Let’s explore this.

API Management is a hot topic at the moment. Many have heard about it and have seen the flurry of products that have been introduced into the market in recent years. However, when speaking with our customers, it's clear to me that many do not know exactly what all the elements are that make up API Management. This can lead to a lack of understanding of the architecture and sometimes the benefits of API Management for their business. To help address this, we have created this post to help break down API Management into its constituent parts and help you see how your organisation might benefit.

Logistics companies are constantly under pressure to deliver newer and more competitive services. Their customers have high expectations, drawn from experiences with online services such as Amazon, regarding the information they expect, and how they expect to receive it.

As we all know, the supply chain is already under immense pressure, and providing real-time order information can prove a headache in certain areas such as in-transit and customs.

Traditionally, these information requests have been managed using Web Services and EDI, but there are issues. EDI is great for interactions that trigger business processes, such as order and purchase order transactions, or initiating returns. However, when it comes to “secondary” interactions such as “where’s my order?” using Application Programming Interfaces (APIs) to make those calls is faster to set up and execute than Web Services or EDI.

Recently IBM teamed up with Pfizer to set up real-time patient monitoring for those suffering from Parkinson’s Disease.

While clearly this involves a heavy dose of the Internet of Things, using devices such as sensors, mobile devices and machines, getting the resulting data to the correct medical person is crucial. 

Historically, once that information had been sent to the data collection point, whether that be a hospital data center or a third party, web services would then be used to access it for further human or automatic processing. Web services are great established enterprise communication pathways, however APIs can be enabled no matter what the size of the asset or location capability.

Back in the day, Web Services were the de facto standard for accessing "systems of record." Out of this grew the secured ESB architecture that is synonymous with enterprise architecture.

More and more, projects are utilising API Management in those architectures now and pushing on Web Services' door.

In this blog, I'll explain why social factors—as much as technical ones—are enabling API Management to make inroads into 'traditional' SOA architectures. I'll also show that API Management is much more than the "API Economy."