Top 10 Things CIOs Need to Know About APIs and the API Economy


Foundational Refreshed: 02 May 2018 | Published: 25 January 2017 ID: G00318859

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Summary

Application programming interfaces open new business opportunities. However, too many CIOs make the mistake of seeing APIs as technology only, instead of basing their company's business models, digital strategies and ecosystems on them.

Table of Contents

  • Analysis
    • Introduction
    • 1. Your (Digital) Strategy Drives Your API Program
    • 2. Tailor Your API Experiences for Your API Consumers
    • 3. Use Hackathons, but Understand Their Limits
    • 4. If You Build It, They Might Not Come
    • 5. Monetization Is Much More Than Charging for Calls
    • 6. APIs Enable Bimodal, and Bimodal Requires APIs
    • 7. APIs Are Doors Into Your Data and Applications: Security Matters
    • 8. Don't Build Your Own API Management
    • 9. Modern Application Architecture Relies on APIs
    • 10. Consuming APIs Will Be More Common Than Exposing APIs
  • Gartner Recommended Reading
© 2017 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Reproduction and distribution of this publication in any form without prior written permission is forbidden. The information contained herein has been obtained from sources believed to be reliable. Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartners research may discuss legal issues related to the information technology business, Gartner does not provide legal advice or services and its research should not be construed or used as such. Gartner shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof. The opinions expressed herein are subject to change without notice.

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