July 30, 2019
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One the one hand Big Data is supposed to be one of the best things to happen to IT since the invention of the database. After all, managing massive amounts of data should make IT more relevant than ever. But as Big Data continues to evolve it’s starting to look like managing all that data is beyond the scope of many IT organizations. As a result line of businesses are turning to raft of emerging Big Data services in the cloud that allow them to analyze massive amounts of data by invoking a relatively simple API.
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 great things about APIs is that they make applications more accessible than ever in the age of the cloud. But just because an application is accessible doesn’t necessarily mean there is a mechanism in place to consume data from the application via the API it exposes. In fact, the tools needed to consume that data is giving rise to a new class of middleware that is collectively being referred to as cloud brokering software.