The application programming interface (API), though being an old concept, is undergoing transformation driven by mobile and cloud requirements and more and more organizations has recognized these opportunities and opening their information assets to external developers. Opening APIs to the outside developers enables many technology start-ups to become platforms. It helps the developer communities grow which are tied to their core data or application resources. This translates into new reach, revenue, and end-user retention.
The use of APIs for sharing information and functionality with outside developers is not limited to technology startups. More and more enterprises are moving with this transformation by integrating their existing consumer endpoints in their internal ecosystem to build a seamless connection between mobile, cloud, and their legacy software. However, opening up the business assets and integrating existing disparate modules need to be done with great caution. There is a good deal on line while dealing with APIs, including reputation, regulation, and simultaneous needs of customers, partners, employees and stakeholders.