November 25, 2019
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Cloud, mobile and social media are now mainstream computing concepts. Today, consumer and business users all demand access to applications and data from multiple devices, inside and outside of enterprises, on a continuous basis. As a result, users interact with an enterprise through many different interfaces which all converge at the API layer. A well-executed enterprise API strategy will ensure API usage is tracked and security is achieved, enabling enterprises to create more selling channels, improve engagement with customers and prospects and offer more value to partners.
While some folks tend to think about APIs are being little bits of arcane code that only developers care about it, the truth of the matter is that billions, possibly even trillions, of dollars are at stake in what will soon be a series of API wars. In no place is this more important than in mobile banking, where companies ranging from Google, the PayPal unit of eBay and lesser known entities such as MineralTree are all vying to usurp the role of traditional financial institutions.
One of the more interesting APIs added here recently comes from BT, British Telecom. It's not so much a single API but a set of early beta APIs code-named Web21C, part of their larger £10 billion 21st century network initiative called 21CN, an IP-based, multi-service network.