Looking to provide more insight into the business processes swirling around its API management platform, Akana today released an update to Envision that adds business analytics capabilities to the operational analytics that platform already provides.
Sachin Agarwal, vice president of product marketing for Akana, told ProgrammableWeb that as IT organizations have come to realize that digital business strategies now revolve around the API management platform, they have been asking for the ability to track not only usage of APIs, but also how they are being monetized by application type, platform or channel.
As the API economy continues to evolve, Agarwal says organizations want to be able to apply advanced business analytics to the APIs themselves in addition to being able to export that data to more general-purpose analytics applications provided by vendors. Envision enables that by exposing a bidirectional API through which IT organizations can export that data or import additional data to add more context to the business analytics Akana provides.
From an operational perspective, organizations can keep track of API license usage as well as analyze how their infrastructure responds to requests from different devices, locations and request types, Agarwal says. In addition, he says the analytics capability now makes use of a lighter-weight big data framework that goes beyond SQL support to a much broader range of models, such as MapReduce, R Analytics and custom analytics modules, or interacting with that data. IT organizations can also opt to create their own dashboards or use ones provided by Akana. Finally, IT organizations can apply policies to how data is collected to make sure all relevant regulations are being complied with.
In the context of a digital business, Agarwal says, having access to that data now informs just about every decision that a business is likely to make, including how customers are engaging with strategic content and what partnerships to prioritize.
While developers have depended on analytics to make strategic technology decisions for years, business executives are just now discovering the value of that data. For developers, the existence of that data in formats that business executives can consume should also make it simpler to gain funding for new projects. After all, while business executives might conceptually believe in the API economy, there’s nothing quite like hard data to put to rest any lingering skepticism.