It had just turned 2 a.m. on April 18th, 2003. I was getting ready to release my first open source project, and I was about to pull the trigger on a name. I settled on MULE as I was trying to solve the hard, unrelenting work of connecting applications and data—MULE was going to take the “donkey work” out of integration. What I didn’t know was that I was choosing the stock ticker symbol for a company that would go on to solve much bigger problems for companies globally. It’s pretty cool to reflect on that now, and it has been an amazing experience getting here.

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As Charles Darwin famously said, “It is not the strongest of the species that survives, it is the one that is most adaptable to change.” Every industry is affected by digital transformation, and every company is grappling with how to cope. This is Enterprise Darwinism.

In response to these external changes, there is an emergence of IT teams evolving to think and operate differently. Before, IT was an order-taker – when a business unit needed anything to do with technology, a request would be sent to central IT.

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Large organizations aren’t nimble enough to launch new, innovative solutions to meet customer demands and get ahead of the competition.

The barriers to entry—for every industry— have evaporated. Start-ups are disrupting everything from financial services, to crowd-sourced insurance, to customizable health care, to shopping experiences. A new idea can be developed in the garage using powerful building blocks like unlimited cloud compute power, free dev tools, open APIs and open source components. New entrants build fast, move fast and are educating consumers on the type of experience they should be getting. 

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With the rise of new technology trends, changing consumer behavior and disruption by new market entrants across industries, one thing has become clear: Speed is becoming the currency of success as organizations adapt to ever-changing market forces. 

As such, the trends that are set to take hold over the next 12 months are ones that will not only help an organization evolve, but do it faster than the competition.

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What is the API economy? We believe that the API economy is one of the most profound occurrences to affect global business today. It is transforming every company and every industry — no matter how big your company is, no matter how established your industry is, no matter what kind of competitors you have. The API economy is the sum total of all the data transactions that are enabled by APIs.

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Host: Ray Wang, principal analyst, Constellation Research

Host: Vala Afshar, chief digital evangelist, Salesforce

Link: https://vimeo.com/182583400

Vala Afshar: Your bio…you’ve done a lot!

Ross Mason: I just connect stuff – that’s basically what I do.

Ray Wang: At the time you founded MuleSoft 10 years ago, there wasn’t a lot of stuff to connect. It wasn’t as hard as it is now. Now, everything is trying to get connected in all these different shapes and forms. What was that core problem you were trying to solve and how has it evolved over the last 10 years?

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Digital transformation isn’t only a key business strategy, it’s an inexorable force that every business in every industry must contend with. But digital transformation brings with it great advantages if the entire business rises to the challenge. However, in organizations today, there is a significant misalignment between business priorities and IT investments, hindering digital transformation initiatives and directly putting revenue at risk. Released today, MuleSoft’s second annual Connectivity Benchmark Report reveals this growing issue and the role of APIs in enabling digital transformation.

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As the Denver Broncos and Carolina Panthers jog onto the field for Super Bowl 50 this Sunday, most eyes will be drawn to their large shoulder pads and shiny helmets. What many people won’t notice, however, are the tiny, quarter-sized RFID transmitters hidden in their shoulder pads. Made by Zebra Technologies, these connected, wearable devices pinpoint each player’s real-time field position, speed, distance traveled and acceleration by emitting radio frequencies to RFID receivers located around the stadium.

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It’s no surprise that business is changing dramatically. The potential afforded by digital transformation could have dramatic effects on companies’ growth, scalability, and revenue. Here are the top 5 trends that I think will have a major effect on businesses next year:

IoT

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The Connectivity Benchmark Report is a new research report that highlights how traditional businesses are quickly evolving into “composable enterprises” built out of hundreds of connected software services and applications.

To launch a new product, create a new service or improve what they already have, businesses need to quickly connect applications, data and devices. Their ability to stitch all these parts together determines whether they win or lose in the market.

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