January 2, 2015
Single purpose API
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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.
While industry analysts expected this year to be the year Mobile Backend-as-a-Service (MBaaS) took off, end-of-year assessments are suggesting that there is still room for further growth in 2014. Forecasters predict a 104% annual growth in the market to reach $7.7 billion in 2017, while this week's acquisition of MBaaS vendor StackMob by PayPal has piqued more than a few businesses' curiosity. Meanwhile, analysts from Forrester and major players like Rich Mendis from AnyPresence believe the MBaaS revolution is still yet to happen for the enterprise.
Cisco today unveiled a new application management framework driven by RESTful APIs that is tied to an open source controller that will give developers complete control over any piece of physical or virtual resource on the network.