APIs—application programming interfaces—are becoming ubiquitous in today’s business world. By facilitating the integration of software applications and systems and allowing for a seamless exchange of data, they drive digital business and transformation. This has led to an explosion in their usage, with a recent survey showing that the average organization has 15,564 APIs in use, with a growth rate of 201% over just one year.
As API usage surges among enterprise businesses, certain drawbacks come with it. Companies that don’t institute a system to help them manage the proliferation of APIs can risk becoming overwhelmed by them and falling behind competitors who implement strong API management.
API management is a necessity for any organization that wants to maintain a competitive advantage in today’s digital landscape.