A recent survey conducted by Mulesoft concluded that most businesses are trying to understand how to work with new channels, engagement, and ubiquity. Nearly ¾ of IT decision makers said that if digital transformation initiatives weren’t completed, it would have a negative impact on revenue in three months.
There’s no doubt that APIs make companies and applications more efficient. They connect with increasingly demanding consumers and are a source of revenue as well. A recent report from Mulesoft showed, 50 percent of large companies (10,000 employees or more) are making more than 10 million dollars in annual revenue from APIs. With such a large revenue stream, don’t you wonder what’s the value of an API?
It may seem that all the emerging innovations from the tech sector won’t have an impact on businesses, but that is far from the truth. Any business can can take advantage of digital transformation. In a piece by Computer Weekly, three technologies were described as beneficial for the enterprise.
Law enforcement agencies are driven by information, much like any other enterprise, and that data drives their demand for cloud applications that are seamless and future proof. SaaS is the ultimate solution for agencies looking for a lower-cost system to use software as needed instead of investing in and maintaining large server infrastructure and licensing fees.
A recent report indicated that now, more than ever, APIs are critical revenue drivers. That means that the CIO is no longer tethered to keeping the network running, but rather becoming a business strategist that accelerates innovation across the enterprise.
Doomsday “prophets” are always vocal about the coming of an end. From Nostradamus, to Y2K, to a more recent Blood Moon prophecy. Most of these prophets derive from a secular religion and really outlandish that it’s really no surprise that none of them come to fruition.
It’s no secret that developing and maintaining APIs can be challenging. Tasks like hosting multiple versions of your APIs, monitoring third-party developers access, access authorization controls, traffic spikes, and scaling servers, are all things that require a lot of attention and resources.