5 Ways AI, IoT, and security are shaping the API economy

For organisations to effectively compete in ever-evolving business landscapes, they need to build adaptable digital platforms via APIs. With these building blocks in place, disparate legacy systems and new-age technologies can easily plug in and out of application networks as fads come and go.

At their core, APIs are developed to play a specific role—unlocking data from legacy systems, composing data into processes, or delivering an experience. By unlocking data that exists in siloed systems, businesses end up democratising the availability of data across the enterprise.

With APIs getting credit for the ecosystem successes of digitally-native companies like Amazon, Netflix, and Uber, it’s not surprising that CEOs and boards are driving their teams to follow suit.

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