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CIO Applications Weekly Brief

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Editor's Pick (1 - 4 of 8)
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The Impact of APIs in the SaaS industry

The Impact of APIs in the SaaS industry
Dr. Patrick Desbrow, Ed.D. - CIO and VP of Engineering

Enhanced Operational Efficiency with Data - Driven IT Strategy

Enhanced Operational Efficiency with Data - Driven IT Strategy
Tim Nall, SVP & CIO, Brown-Forman

The Standard Work of IT

The Standard Work of IT
Steve Brunker, CIO, LSI Industries [NASDAQ:LYTS]

CIOs Shouldn't See OpenStack and Public Clouds as an Either/ or Proposition

CIOs Shouldn't See OpenStack and Public Clouds as an Either/ or...
Shelton Shugar, CIO, Barclaycard [NYSE:BCS-D]

Travel APIs: Easing the Turbulence from Origin to Destination

Travel APIs: Easing the Turbulence from Origin to Destination
Matt Minetola, EVP & Global CIO, Travelport

Henry Ford's Environment

Henry Ford's Environment
Mary Alice Annecharico, SVP & CIO, Henry Ford Health System

Accelerating Intensity of Connected Enterprises by Domain Driven Integration

Accelerating Intensity of Connected Enterprises by Domain Driven...
Vikas Shah, Chief Architect, Knights of Columbus

The Enterprise Digital Business Transformation Journey

The Enterprise Digital Business Transformation Journey
Vijay Thatte, Senior Enterprise Architect, Voya Financial

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How to Create a Successful API Strategy

By CIO Applications| Monday, May 06, 2019
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The most common buzz phrase in the modern era of digitalization is Application Programming Interface (API) economy, which has become a key enabler in digital transformation and active businesses. API allows enterprises to forge profitable partnerships and tap new opportunities for innovation and growth.

From startup companies to large-scale organizations, everyone is reaping the benefits of API. In recent years, APIs have become more essential as businesses consider web APIs and API-based integration are fundamentals to achieve consistency in their growth and success.

Before implementing an API, it's vital for decision-makers to carefully examine what exactly entitled in developing a successful API strategy.

Focusing on relevant documentation

Accurate and appropriate documentation is a pre-requisite for API success. API customers always demand top-notch documentation which will be more precise, up-to-date and easy to digest. The most effective companies embed this kind of documentation to create a real-time on-boarding experience for users.

Tracking success

Most of the successful companies monitor the effectiveness of their API strategy diligently and holistically to determine the revenue and consumption metrics.

It's crucial for every enterprise to monitor revenue metrics, operational metrics, and developer metrics to create better optimization in API strategy.

Establishing a dynamic developer community

Building and implementing an API is not at all sufficient to ensure business in experiencing the benefits. In the API realm, the customer is the developer to do effective marketing. The rise of API is triggering to a new B2D model or "Business to Developer." The milestone for a successful B2D model is the creation of dynamic and engaged developer community through newsletters, chat portals and blog posts.

A business can't view a successful API strategy until and unless it follows the steps as mentioned earlier. Sensing the importance and urgency of implementing an API can create a roadmap for the successful growth in a business.

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