In recent blogs we have discussed the human element of changing organizational relationships: the opportunities afforded by peer based solutions to harness excess capacity, and their implications for more where, how and how often individuals "work". Today's blog explores one of the key technology dimensions underpinning these trends: APIs for cloud based applications and services.
What are APIs? Time saving tools organizations can use to achieve transformative change in their organizations is one good answer. If "cyber knowledge" has replaced "tribal knowledge" as the source of truth, the Internet tells us that widely known organizations such as Salesforce, Expedia, eBay and many others generate substantial revenues, and have spawned entirely new ecosystems, by making their applications, through their APIs, more accessible to innovation and value creation.
In their recent article on The Strategic Value of APIs authors Bala Iyer and Mohan Subramaniam discuss the importance of application programming interfaces (or "APIs") -- not simply for technology companies but for all organizations, as a strategic tool to drive the external exchange of information, to create new value added product and service offerings to complement their current core businesses, and to enable entirely new ecosystems for innovation and value creation.