Businesses today are entering the generation of digital transformation. Social, mobile, analytics, cloud and the IoT, or the SMAC-IoT, are the five technology ideas that well comprehend the digital spectrum today.
Observing this spectrum closely, we will figure out that there is a common thread that links all these themes.
Can you guess that? We all know this thread as API – Application Programming Interface.
Web APIs are the defined interface or medium to give way for the interactions to happen between an enterprise and its apps. This enables the company’s digital assets to be consumable to any channel, and make the best out of the global Digital Core.
What is API management?
The need of the hour is data security and refinement to be fit for the desired purpose.
Once this is accomplished, the next step is to discover how to share the data or the APIs built on it? Making it available and accessible for other developers will be the primary step forward, for empowering and accelerating digital transformation across the global business environs.
That is where API management comes into picture.
API Management allows you to discover, create, manage and socialize your APIs from on-premise resources, and share the same internally or externally across the enterprise.
API Management Program can either be built in-house or purchased from a third party software development provider as a service.
Being more strategic, APIs enable much more than the mobile. API Management describes the process to publish, promote and keep a watch on the APIs in a more secure and scalable environment. The purpose of API management is monitoring the interface lifecycle and ensuring that the needs of the API developers and apps are met.
What Do API Management Tools Have in Store?
API management software tools come with the following functionality:
- Automate and supervise connections between APIs and applications that use them.
- Controlling traffic from individual apps.
- Make sure to maintain a consistency between API versions and their implementations.
- Enhances application performance with memory management and caching mechanisms.
- API protection from any kind of misuse, by providing shelter with security policies and procedures.
Pertaining to the current era, APIs are foreseen as the bedrock for several initiatives inducing digital transformation. Now, APIs are also frequently for enabling sales and marketing channels.
In the time to come, business enterprises across various industry verticals are likely to engage in the growing API economy. This participation may include them as API providers focused at driving innovation through partners and third-party developer environment. Therefore, it is essential that Software Development Companies and businesses from other industries associate to develop an API strategy that clearly depicts both short and long term targets.