In Intuit’s case, the business strategy started with the right customer experience. Once they had an idea of the end-to-end customer experience it needed to enable, next came some strategic platform and ecosystem decisions.
In this last installment of our series "The End of the API Economy As We Know It" we look at how DataSift had their licensing agreement with Twitter unexpectedly terminated. This story details how DataSift coped with the setback and provides lessons for any company that relies on third-party APIs.
In aggregate, the organizations around the world that directly or indirectly monetize their APIs form the basis of what the media often calls the “API Economy.” As a subset of the total global economy, the API economy is responsible for the exchange of trillions of dollars of value annually.
The ripple effects of regulation such as the EU's PSD2 and Open Banking initiatives in the UK and APAC, designed to stimulate increased competition in banking, are being felt worldwide. But what do these changes mean in practice for developers seeking to build fintech apps to work with bank APIs?
The Centers for Medicare and Medicaid Services recently faced with the reality that their legacy system, one that processes 4% of the US GDP, needed to be modernized for a number of reasons. This is the story of what USDS is doing to address the situation and keep a mission critical system online.
Taking advantage of APIs is a quick and inexpensive technique for a business so long as those APIs are available and remain constant. Changes happen to APIs all the time and this is the story of Stitch, a company that found a way to succeed, despite the uncertainties inherent to the API economy.
APIs, via B2B partnerships and B2C applications, can increase a company’s reach and make digital assets and services available to broader audiences. There are dangers posed by the adoption of insecure APIs in the enterprise. Hence, businesses need a strategy for building and operating secure APIs.
As part of our series on the end of the API economy as we know it, we offer a story about a company that survived being shut out of the API that was the lifeblood of its business. This is the story of PeopleLinx, a company that made money using the LinkedIn API, until the API access was removed.
What happens when you are ready to take your API from a small subset of users to something more open? What are the things you want to make sure are locked down tight before rolling out an open API program? James Higginbotham offered some tips for making sure your API is ready.
Developers can often miss an important aspect of API development - scaling the API. To scale the API, you must look into offloading the administrative functions of multiple APIs in their apps. Scaling of the API at the design phase is crucial to the success of API adoption in the long run.