When an API becomes a service

Time:2022-5-24

Under the influence of the COVID-19 and the changing market environment, almost all industries have changed their business methods, and the demand for digital transformation of enterprises has increased sharply. Digital transformation depends on the integration ability of enterprises, that is, their services, capabilities and assets are packaged into reusable modular software. Every enterprise stores valuable data in its system. However, to make good use of these values, it is necessary to use API.

What is API? If you search the Internet, you will probably get the answer of the application programming interface. If extended, APIs are predefined functions designed to provide applications and developers with the ability to access a set of routines based on some software or hardware without accessing the source code or understanding the details of the internal working mechanism. Another popular point is that when you transfer files from your mobile phone to your computer, you need to use data line transmission. The interface connecting this data line is API.

When an API becomes a service

API can be used to connect different software and make them interact with each other by receiving requests and sending responses. It extends the functions of applications or websites and simplifies information sharing. At the same time, the API can connect to any new system without making any changes to the original system, program or hardware, so that users can connect to any new system with only a few lines of code, and provide scalability to handle more complex transactions. Moreover, the API based on customization and self-service allows users to reuse and interact data between multiple platforms and applications, helping developers reduce a lot of repetitive work and spend time and energy on truly valuable projects, thus improving the productivity of developers.

When an API becomes a service

Enterprises need the ability of API to break the data island and use data in different environments, including combining it with partners and other third-party valuable assets to help enterprises reach unknown areas. Even if some systems have never designed interoperability, the API can make it easy for developers to access and combine digital assets in different systems, so as to better realize overall collaboration.

In the era of cloud computing, if customers are willing to build their applications on SaaS and integrate their APIs into the business of third-party partners, your API will get a corresponding share of customer revenue for each service subscribed by the end customer. The business model of API providing “services” has been formed.

When an API becomes a service

Nowadays, API has been everywhere in the field of software, web and mobile application development. Internet business innovation and digital transformation of traditional enterprises are inseparable from API economy or API strategy. It can be said that API is the key link of comprehensive digitization of traditional industry value chain. API is connected not only with systems and data, but also with internal functional departments, customers and partners, and even the whole business ecosystem. It means that manufacturing enterprises digitize their internal manufacturing plants, products and other physical assets, and open their data, services and business capabilities to all participants in the ecosystem in the form of API, so as to realize the interconnection of business capabilities and a new value network for symbiosis and win-win of participants.

When an API becomes a service

The Internet has proved that API can accelerate the speed and innovation of advanced autonomous service capabilities. With the support of about 16000 open APIs, developers can implement an idea in a few days and quickly scale or eliminate it. When manufacturing enterprises take API as a digital interface for enterprises to connect to the Internet and do ecological integration with API as the core, its products and capabilities can reach a wider group and consumers, and the influence brought by API economy can be expanded to infinity. In the near future, it may be the world where APIs connect everything.