APIs are capable of bringing in millions of dollars of revenue. They expand a user-base, offer a wider go-to-market strategy, add new streams of revenue, and can be responsible in increasing product stickiness and user adoption. They can also burn bridges with developers, soak up precious development resources, and if not properly secured, offer threats to application security. Read more
Posts Tagged: API business model
Matthew Broderick once quipped in Ferris Bueller’s Day Off that “life moves pretty fast. If you don’t stop and look around once in awhile, you could miss it.” Sure, he wasn’t talking about API companies but he might as well have been. Read more
There’s a certain breed of developer that has been talking about the benefits APIs can offer for many years now. In fact, if you’re reading this article, it’s likely that you’re one of them!
But it’s only in recent years, in part thanks to the rise of consumer facing services like IFTTT and Zapier, that more and more people have come around to this point of view. Read more
APIs are nothing new. Salesforce and eBay first allowed access to their web APIs in the year 2000, and other organizations were tinkering with the idea of exposing endpoints even before that.
The past few years, however, have seen such explosive growth that the API space is evolving more rapidly than ever before. Read more
According to The State of API Survey Report 2016 by Smartbear, nearly 85% of the respondents agree that API quality is crucial to their organization. The same survey identifies the top three reasons keeping organizations from delivering quality APIs are:
1) Increased demands for speed 2) Lack of integration between tools and systems 3) Managing expectations of different stakeholders
A remedy for the first reason can be found by fine-tuning architecture and optimizing code. Read more