The API Economy: Building Connected Businesses

APIs Power Digital Business

Application Programming Interfaces connect systems, enable partnerships, and create platform ecosystems.

REST APIs dominate web services. GraphQL offers flexible queries. Webhooks enable real-time updates. gRPC provides performance for internal services.

Microservices communicate via APIs. Internal platforms standardize capabilities. Service mesh manages traffic. API gateways provide unified access.

Partner APIs enable integrations. Public APIs extend reach. Developer portals onboard users. Documentation drives adoption.

Free tiers attract developers. Usage-based pricing scales with value. Premium features generate revenue. Data APIs monetize information.

RESTful principles guide structure. Versioning maintains compatibility. Authentication secures access. Rate limiting ensures availability.

Clear documentation is essential. SDKs accelerate integration. Sandbox environments enable testing. Support channels resolve issues.

Gateways handle traffic and security. Analytics reveal usage patterns. Monetization tracks revenue. Governance maintains standards.

Point-to-point suits simple connections. Hub-and-spoke centralizes integration. Event-driven enables real-time. API-led connects systematically.

OAuth 2.0 authorizes access. API keys identify clients. TLS encrypts transmission. Validation prevents injection attacks.

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