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API Economy PDF

Application Programming Interfaces (APIs) enable software communication to enhance business models through integration and innovation. Key aspects of APIs include standardization, security, scalability, documentation, and governance, while various monetization models exist such as pay-as-you-go and subscription. APIs also facilitate interoperability, speed, and value creation by connecting legacy systems to new technologies and unlocking data for services.

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3 views7 pages

API Economy PDF

Application Programming Interfaces (APIs) enable software communication to enhance business models through integration and innovation. Key aspects of APIs include standardization, security, scalability, documentation, and governance, while various monetization models exist such as pay-as-you-go and subscription. APIs also facilitate interoperability, speed, and value creation by connecting legacy systems to new technologies and unlocking data for services.

Uploaded by

deepasg95
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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a y

D : THE
/100
12 API y
o m
c o n
E
1

Application Programming Interfaces (APIs) are sets of rules


allowing software to communicate to build business models that
generate value through connectivity, integration, and innovation.

For instance ,Amazon using APIs for third-party sellers on its


marketplace, boosting revenue through increased engagement.

For instance, weather app might use an API from a weather service
to display forecasts, without needing to build its own weather
data system

@Priyanshu_Sharma
2

Standardization : APIs must speak the same language, using


standards like REST or SOAP, so developers can easily integrate
them.

Security : Encrypting data and complying with standards.

Scalability : APIs must handle high volumes of requests .

Documentation : Clear documentation to help developers


understand and use APIs effectively.

Governance : rucial to balance openness with control, preventing


misuse or overexposure.

@Priyanshu_Sharma
3

The "Pay-As-You-Go" Model : Charge users per use, like a utility


bill. i.e. AWS (cloud APIs): Charges $0.10 per hour for server time.

The "Subscription" Model : Charge a monthly/annual fee for


unlimited API access.

The "Freemium" Model : Give basic API access for free, charge for
premium features.

The "Ecosystem Tax" Model : Take a cut of revenue from apps


built on your API. eg, Apple App Store

The "Data Broker" Model: Sell access to unique data via APIs.

@Priyanshu_Sharma
4

Interoperability: APIs connect old systems to new tech, like a old


bank’s mainframe talking to a new apps.

Speed: Faster data exchange helps in quicker decisions like


retailers restock before shelves empty.

Scalability: Traditional firms handle digital demand spikes, via


cloud-backed APIs.

Value Creation: APIs unlock trapped data, turning it into services


or partnerships.

@Priyanshu_Sharma
5

@Priyanshu_Sharma
Tha nk
you !

@Priyanshu_Sharma

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