How API Development is Driving Digital Innovation in Business

How API Development is Driving Digital Innovation in Business

21/09/2016

API stands for application program interface, and it is a set of tools, protocols, and routines for building software applications. An API details how software components should interact, and they are used when programming the components of a GUI, i.e. a graphical user interface. Now that you know the basics, lets take a look at how API development in Newcastle and beyond is driving digital innovation in business.

 

Many business owners will note that APIs are creating a cultural shift, helping CIOs to derive revenue from existing IT assets, build self-service and more collaborative IT environments, and drive digital transformation initiatives. This is something that has been backed up by a survey that was recently conducted by MuleSoft Inc.

 

For a while, APIs were only really a tactical development technique that was used by IT and research and development departments. However, this is starting to change, as many companies and departments are utilising APIs as a business model driver, often locating chances to share them and reuse them with players outside the business, and to monetise them.

 

APIs give businesses the opportunity to shift IT from the role of being a centralised support system for businesses, to enabling businesses and being responsible for business outcomes, innovation, and supporting agility. After all, the success of IT in the current day and age goes way beyond the implementation of technology. It is now about deciphering how technology can be scaled across the entire business in order to enhance and accelerate projects.

 

The many benefits of API development

 

Keeping that in mind, there are now a number of different reasons why businesses are getting in touch with specialist companies for API development in Newcastle. This includes the following: the development of new revenue channels, to enhance partner ecosystems, to enable IoT services, to enable mobile applications, to enable business teams to self-serve IT and to increase the speed by which they do so, to create more value from existing systems, and, most commonly, to integrate new software with existing applications and systems.

 

Accessibility and reuse means that much greater agility can be achieved with an API strategy. This offers a new way for companies to connect their existing assets with those of their employees, partners, and their customers. In fact, according to the findings of the survey mentioned earlier, 44 per cent of the IT decision makers interviewed stated that the management of APIs is necessary to the ability of IT to quickly complete projects of digital transformation. Moreover, 63 per cent also stated that the reuse of API would increase the speed of digital transformation projects.

 

When you take the points that have been mentioned above into consideration, you see how API is truly transforming businesses across all industries at present. It is driving innovation because it assists with everything from enabling IoT services and mobile applications, to increasing the speed of business teams to self-serve IT, to integrating new software with existing applications. Moreover, it enhances the speed by which all of this is achieved; ensuring digital transform projects are rapid and effective.

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