Application Programming Interfaces (APIs) have been a big part of the application development world for as long as applications have been around, but they’ve never been quite as valuable (monetarily, anyway) as they are today.
In our increasingly digital global economy, companies are looking for any competitive advantage they can find to boost their services, to improve their efficiency, and to provide more seamless and more capable solutions.
More now than ever before companies are turning to APIs to dramatically extend the capabilities of their own applications, finding new ways to “hook” different solutions together to create even more powerful and more feature-rich applications faster than ever before.
This has driven the demand for APIs through the roof, touching off a brand-new “API Economy” that few could have ever predicted even just a few years ago.
This new frontier in the tech world, the API economy is changing the way that businesses built to leverage these systems grow and scale.
Take a technology company like Uber, for example.
A peek beneath the hood at the technology that makes this unicorn tech company possible would show the value and importance of APIs. A significant chunk of the systems used (on both the consumer facing side of things as well as internally) are built on the back of APIs pulling data and functionality from a whole different range of different applications, sort of cobbled altogether.
This allows companies to build products and…