Building Businesses around APIs

APIs (Application Programming Interfaces) are essentially Graphical User Interfaces (GUIs) for developers, enabling third parties to manipulate data innovatively to build other applications via the API. How would it affect your business? The advantages include:

  • A massive boost to development
  • May convert competitors into partners, smooth product integration
  • Extends to market itself as a desired tool
  • Empowers consumers, providing a sense of trust and community value
  • Direction for company’s business model in accordance with user needs and assistance from third-party developers