As more business people become exposed to the API economy – the idea of turning business capabilities into APIs that are subsequently monetized in some way – they often race to the most obvious question: What should my strategy for the API economy be?
The web is littered with good API intentions gone wrong. Too many businesses have realized they “need APIs” and created them as a tick-the-box feature without thinking about their broader strategic value. One critical difference between the businesses that succeed and those that don’t is the underlying approach by which APIs are planned and conceived. Put simply: Is the API a project or a product?
The fiscal year is ending and once again, your efforts to get modernization improvements funded haven’t planned out. You know that this lack of funding won’t stop any of your partners from decrying the competency or effort of IT.
When an organization uses APIs to build new products, new business channels, and new business models in ways that ultimately produce new revenue or other measurable value, that organization is often said to be “monetizing its APIs.”
In our recent survey of 800 tech leaders, one particular statistic jumped out: 66 percent of IT leaders surveyed say that change is needed in order to meet a “significant” or “drastic” increase in pressure to deliver IT services faster. That’s not surprising, says Ross Mason. He points out, “IT is now critical to a company’s ability to stay competitive in a rapidly changing business environment. The old IT operating mode is fractured.
When business leaders think about their organization’s data, they might think about records kept in on-premises systems or even in cloud applications, but they generally think of that data as very much inside the business. But what if those data assets could be reimagined and repackaged as a complete service and then exposed, inside and outside the business, through APIs? Now enterprise data not only has the possibility to spur growth but also provide new revenue streams for the business.
Join us for the latest installment in the MuleSoft webinar series as we sit down with Julie Craig, Research Director at Enterprise Management Associates, and Reza Shafii, Director of Product Management, MuleSoft to discuss some of the common pitfalls and questions businesses have when developing their API strategy. Craig and Shafii will talk about the essentials of an API-led approach to design,
What a world cup! I do feel bad for 50% of the MuleSoft team though (given that we’ve got a big office in Buenos Aires). It’s exciting though, because this was a very exhilarating competition that truly reached a fever pitch here in the US where “football” is traditionally a game with pads, helmets, and ball that doesn’t really roll.
What was really interesting was how this was truly a, “World Cup powered by APIs.”
MuleSoft provides the most widely used integration platform for connecting any application, data source or API, whether in the cloud or on-premises. With Anypoint Platform®, MuleSoft delivers a complete integration experience built on proven open source technology, eliminating the pain and cost of point-to-point integration. Anypoint Platform includes CloudHub™ iPaaS, Mule ESB™, and a unified solution for API management™, design and publishing.