The latest news on the API economy
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I generally cover shopping related APIs, but recently hackathon events have piqued my interest. This past weekend I attended a two-day hackathon called “Reinventing Local”. This event was hosted at General Assembly, a local co-working space for startups in NYC, and well-known in the entrepreneur community. The theme was geared toward local businesses and was presented by American Express OPEN Forum, which I feel necessary to mention now has an API of their own allowing instant access to small business content. The event was sponsored by Mashery (also a ProgrammableWeb sponsor), ConstantContact and Meetup.
The daily deal space is hot, and has been for some time now. In the past year 23 million Americans have purchased a daily deal or group coupon according to a survey conducted for the American Institute of CPAs by Harris Interactive (source). Not to mention Freelance websites, such as Freelancer and Elance, have been flooded with thousands of "Groupon clone", "daily deal site" and related job postings - a general sign that many more businesses are still trying to get in.
E-Commerce covers a broad range of inter-connected processes which eventually leads to a transaction between two or more parties. Recent enhancements in technology, specifically social interactions on the Web, have increased the complexity in analyzing these processes and describing E-Commerce as a whole. And, to be honest, there is a lot of confusion within the terminology of “E-Commerce” itself. The exact definition of E-Commerce varies depending on your source, and you might hear words like e-business, e-retailing, and online shopping all used interchangeably. Mind you, they all have different meanings.