Despite the escalating hype about digital platforms, application leaders must always remember that the most essential elements of digital business platforms are the APIs. When taking an API route to creating your digital platform, follow these essential best practices.
From APIs to Ecosystems: API Economy Best Practices for Building a Digital Platform
- Key Challenges
- Start With a Developer Portal and Work Your Way Into a Digital Marketplace by Adding More Programmable Components to APIs
- Discover Value Scenarios Well Beyond Your Current Business Horizon by Mixing Your APIs With APIs From Another Vertical
- Listen to Your Developers, but Look for Innovation Opportunities That Go Beyond Tactical Requirements and Could Open New Business Channels
- Treat Your Platform or Marketplace Like a Mode 2 Product Initially, but Evolve It to Mode 1 to Fully Scale Your Digital Business
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