Abstract
In the realm of modern technology, Application Programming Interfaces (APIs) are becoming the cornerstone component of the digital ecosystem, resulting in the emergence of the API economy. This transformation is driven by firms leveraging APIs for cost reduction, broadening their audience reach, and monetizing services - enabling value creation through the exchange of information and services within and between organizations.
Following the proliferation of APIs, even traditional firms are evolving into software producers, and are now on a journey from ad-hoc exploration of APIs to establishing an organization-wide approach to APIs at scale. In this context, APIs increasingly become value-adding products. With their expanding role in businesses, the quality of APIs has become a crucial factor in enterprise success, demanding a systematic and exhaustive approach to API development. Thus, the management of APIs as a value-creating product extends from a purely technical concern at the discretion of individual engineers to a managerial matter.
Following the proliferation of APIs, even traditional firms are evolving into software producers, and are now on a journey from ad-hoc exploration of APIs to establishing an organization-wide approach to APIs at scale. In this context, APIs increasingly become value-adding products. With their expanding role in businesses, the quality of APIs has become a crucial factor in enterprise success, demanding a systematic and exhaustive approach to API development. Thus, the management of APIs as a value-creating product extends from a purely technical concern at the discretion of individual engineers to a managerial matter.
Original language | English |
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Place of Publication | Frederiksberg |
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Publisher | Copenhagen Business School, CBS |
Number of pages | 12 |
DOIs | |
Publication status | Published - 2024 |