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 * API Management basics
   
 * What is an API management platform?
   
 * The benefits of API management
   
 * Why do you need an API management platform?
   
 * API management and microservices: how do they relate?
   
 * Accelerate innovation with the webMethods API management platform

guide


THE PRACTICAL GUIDE TO API MANAGEMENT

API MANAGEMENT IS THE PROCESS OF CONTROLLING THE WAYS IN WHICH APPLICATION
PROGRAMMING INTERFACES (APIS) ARE USED IN AN ORGANIZATION. API MANAGEMENT COVERS
THE FULL API LIFECYCLE INCLUDING THE PROCESS OF DESIGNING, PUBLISHING,
DEPLOYING, MANAGING AND RETIRING APIS. WITH THE RIGHT API MANAGEMENT STRATEGY,
YOUR ORGANIZATION CAN MANAGE YOUR INTERNAL USE OF APIS AS WELL AS CONTROL THE
WAY THE APIS YOU PUBLISH ARE USED BY CUSTOMERS AND PARTNERS. THIS ENABLES YOU TO
GENERATE NEW PRODUCTS AND SOURCES OF VALUE FASTER, GAIN INSIGHTS INTO API USAGE,
AND MAINTAIN CONTROL OVER ACCESS AND SECURITY.





API MANAGEMENT BASICS

APIs are a standard set of protocols that enable applications to communicate
with each other and exchange information. They act as the gateway between
applications, offering a set of defined rules which allow applications to ‘talk’
to each other and share information.

Having a common definition for interacting with APIs means they can essentially
act as building blocks to extend new services across the enterprise and create
innovative products faster. Developers can use APIs to make their application
call other products and systems without knowing how those products and systems
are implemented. As a result, APIs make it easier for businesses to create new
user experiences and leverage third-party solutions.

An effective API management strategy empowers you to manage API integrations
across an increasing number of systems and applications, whether they are
on-premises, on the cloud, hybrid cloud, or multi-cloud. The right approach
helps you deploy and reuse integration assets quickly, securely and efficiently.

By avoiding the need to rebuild integrations for every new application, you gain
agility, speed and cost efficiency. As the use of APIs grows, it’s more
important than ever to have a holistic approach to managing the way your
organization uses APIs—and the way you share them with third parties such as
customers and partners. 

BLOG
Understand the API landscape: Help all of the new API tools work together (not
against each other)

Read more



WHY APIS ARE MORE IMPORTANT THAN EVER

APIs have long been the programmer’s tool of choice for communication between
applications. Now, they are the basis of new services and business strategies,
and the new distribution channel for products and services.

Organizations are using APIs to connect software and services in new ways that
boost productivity, enable new customer-facing services and deliver new
insights. According to Software AG’s Annual APIs and Integration Report 2022,
leading businesses are using APIs more frequently in a range of scenarios.
Companies are using APIs in all, or the majority, of projects for digital
transformation and modernization, including connecting cloud applications to
back-end services. APIs are central to innovation projects that advance new
customer services and deliver new insights. They are also core to most projects
focused on sustainability by linking data from disparate systems in ways that
improve transparency and efficiency.  




APIS FOR VALUE CREATION

With APIs, companies can turn products into platforms, which act as force
multipliers for value creation. Business ecosystems can exchange goods and
information, creating network effects that lead to greater value. But this only
works with an API management strategy that encompasses the full lifecycle of
your APIs, everywhere they are in use.

To study the value of APIs used to build platforms, Marshall Van Alstyne, a
research fellow at the MIT Initiative on the Digital Economy, analyzed the way
an API-driven strategy affects companies’ opportunities for growth. Unlike a
traditional growth strategy where an enterprise creates value from inside its
own walls, an API-driven strategy unlocks opportunities for firms to open
digital services to third-parties and capture part of value generated.

The results were striking: public firms adopting public APIs grew an additional
38.7% relative to similar non-adopters over a 16-year period.

An API management solution is an essential part of creating value so you can
take full advantage of opportunities in the API economy. 






WHAT IS AN API MANAGEMENT PLATFORM?

An API management platform is a tool that allows organizations to launch new
products and services faster. It provides centralized management and visibility
of all the components of your applications so you can build innovative, dynamic,
and customer-centric apps in the cloud—and deliver updates faster so your apps
stay secure and reliable. Because APIs provide the building blocks that
developers can use to build a competitive edge, API management is more important
than ever.

An API management platform offers the visibility and control you need to take on
transformative projects with confidence. It delivers a single place to manage
APIs as applications, so you can understand what your customers are doing,
control your apps with policies and deliver app changes faster.  

2022 GARTNER® MAGIC QUADRANT™ FOR FULL LIFE CYCLE API MANAGEMENT


The right API management platform can help you get the most value from your
data, whether you’re looking to accelerate innovation, improve efficiency or
open new revenue channels. See how the recognized platforms compare in the 2022
Gartner® Magic Quadrant™ for Full Life Cycle API Management and why Software AG
is positioned as a Leader yet again.


Read more


API management platforms provide a core set of capabilities that help you follow
API management best practices, including:

 * API design. Gain the ability to design APIs with feedback and collaboration.
 * API publishing. Share your APIs in a central location with related
   documentation and onboarding processes to encourage usage.
 * API deployment. Make your APIs publicly available and apply rules to manage
   how clients interact with them.
 * API protection. Control access to API services and data through API keys,
   authentication, authorization and encryption.
 * API traffic management. Ensure network reliability and scalability through
   effective traffic management at runtime.
 * API monitoring. Collect analytics about how your APIs are being used and how
   they are performing.
 * API monetization. Create and manage contracts for usage of APIs to generate
   additional revenue.

These capabilities enable you to leverage your API management platform to
support an ecosystem of users and developers that is stronger than the sum of
its parts. 




THE BENEFITS OF API MANAGEMENT

APIs are becoming critical to every facet of business. Popular applications of
APIs include building new mobile applications, creating omnichannel experiences,
improving e-commerce and development of more efficient business processes.

Effectively managing your APIs and microservices gives you the opportunity to
drive differentiation and business growth, as well as move quickly so you can
turn disruption into opportunity.

While each organization may have a slightly different perspective on the results
they expect from successful API management, most aim to achieve a combination of
the following:

 * Accelerating digital transformation
 * Maintaining data integrity and data security
 * Improving the customer experience
 * Protecting security of proprietary data
 * Generating new sources of revenue 




WHY DO YOU NEED AN API MANAGEMENT PLATFORM?

An API management platform provides a core set of capabilities to help you
accelerate delivery of new products and services. It also helps you overcome
challenges of API management so you can operate with greater speed, agility,
security and efficiency.   

API MONETIZATION

API monetization is a way that businesses can use APIs to make money—either
directly or indirectly. Monetization is essentially the creation of a business
plan for your APIs. The monetization models range from pay-as-you-go to
monthly/annual billing to “bucket” purchases of API transactions to be consumed
over time.  One thing that stays constant: you need to deliver high-quality,
consistent value to your API users.

API monetization requires an API management solution that not only handles the
development and implementation of APIs but streamlines authorization, billing
and payment for API usage. 

API SECURITY CONTROL

All APIs need to be securely managed to shield your data and other resources
from attack. An API management platform allows you to implement security best
practices to protect APIs, data and services using policies enforced by an API
gateway. By securing the exposed layers of an API using API security solutions
and API management best practices, you can mitigate attacks and protect your
organization, customers, data and bottom line.

Ensure your API management platform offers robust security authentication and
access control, vulnerability testing, and security policies. It should also
integrate with other API security products you might want to use based on your
cybersecurity priorities.    

API DEVELOPER SERVICES

An API portal is a place where developers can go to access a company’s APIs. An
API portal enables companies to easily share information and data across
real-time, distributed cloud and mobile applications. By exposing APIs to a
broader community of developers, an API portal can unlock access to new
customers, create new sources of revenue and unlock the business value of
existing corporate assets.

A developer API portal—sometimes known as an API marketplace—is essentially the
storefront for customers and partners to find, try and buy your APIs. Equally
important is the information your business can get from an API portal. Your
product managers need visibility into any reasons developers aren’t adopting
APIs so they can invest in features that drive value. API portals help you
gather feedback from developers so you can help improve the quality and
desirability of your APIs.   

API CONSUMPTION MONITORING

An API gateway is a management tool that serves as a single point of entry into
a system, sitting between the application user and a collection of backend
services. It receives requests from an application user, routes the request to
the appropriate services, gathers the appropriate data, and combines the results
for the user in a single package.

An API gateway standardizes the way applications and users can access your data,
business logic or functionality from your backend services. Because the API
gateway controls an application’s inbound traffic, it can monitor and produce
reports that highlight trends about and statistics around API usage—which is
critical for any business looking to monetize APIs.   

API GOVERNANCE

API governance reduces risk for organizations by improving control over and
consistency of APIs. Effective API governance enables you to align services with
business objectives, limit the incidence of rogue APIs, ensure that users can
find APIs when needed, and monitor and report on decisions and results. API
governance addresses internal, external, partner, and even 3rd party APIs.

An API governance solution ensures APIs are built the right way, tested,
consistently documented and appropriately secured through rules relating to
standards and security policies. An API catalog or registry/repository promotes
the re-use of assets and can identify dependencies early in the lifecycle to
prevent conflicts.

BLOG
Is API management dead?  Learn essential API management capabilities today

Read more




API MANAGEMENT AND MICROSERVICES: HOW DO THEY RELATE?

Microservices are an architectural and organizational approach to software
development in which software is composed of small, independent services. These
services communicate over well-defined APIs to create the desired functionality.
Compared to traditional monolithic architectures, microservices architectures
make applications easier to scale and faster to develop.

The right API management platform is critical for microservices to communicate
reliably and function efficiently. As APIs and microservices reshape the needs
for IT, businesses need a flexible, open platform that can help everything
connect and work together without investing in an entirely new IT
infrastructure.

API gateways are used to establish secure communication among microservices. As
more businesses embrace distributed microservices architectures, an API gateway
can also serve to manage API access to microservices and, together with service
meshes and microgateways, prevent main API gateways from overloading. 




ACCELERATE INNOVATION WITH THE WEBMETHODS API MANAGEMENT PLATFORM

The webMethods API management platform includes everything you need to manage
APIs and microservices so you can go to market faster. Our API platform gives
you the visibility and control you need to take on innovative cloud initiatives
with confidence.

Centralized management and visibility of all your application components is the
foundation for building and launching innovative, dynamic and customer-centric
apps. The webMethods API management platform provides a single place to manage
APIs and related microservices as applications, so you can understand what your
customers are doing, control your apps with policies and deliver app changes
faster.

We’ll help you:

 * Build APIs in 1 click. Instantly create APIs from existing services with a
   single API management tool. Don’t define the API or define the structure,
   just identify it and webMethods does all the heavy lifting.
 * Access open standards. Work with the latest standards without lock-in. Our
   platform enables you to build different types of APIs while ensuring
   compliance and protections are in place.
 * Protect your data. With webMethods API management, you can securely provide
   access to your enterprise data and services to the outside world.
 * Gain agility, without chaos. Deploy microservices and manage them with
   confidence to move at the speed of innovation. You’ll operate with newfound
   agility, without the risk of chaos that can accompany service mesh
   architectures.
 * Reduce latency. Store large amounts of transactional data in-memory to
   improve performance, reduce latency for data access and scale your APIs for
   any volume. 



SOURCE:

 1. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3432591
    



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REPORT

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Accelerate API innovations with webMethods. It includes everything you need to
manage APIs and microservices.

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SOLUTION

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