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Monetizing on APIs with better API management and monitoring
This document proposes creating a governance framework for API management and monetization. It aims to address problems organizations face in creating return on investment from exposing services and information via APIs. The objectives are to conduct a literature review and analyses to identify a gap between current practices and business needs, then develop and evaluate a proof of concept solution. The solution would standardize API provisioning and governance to help organizations better monetize on APIs and generate revenue from IT investments. It would be critically evaluated by comparing to industry implementations, literature, and getting feedback from experts and stakeholders.
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Monetizing on APIs with better API management and monitoring
- 1. Monetizing on APIswith better API Management and monitoring An ontology for API governance Nuwan Bandara 2010/017
- 2. Introduction to thedomain • What are APIs (Application Programming Interfaces) • APIs are the integration between businesses and between businesses and their customers • Why APIs, business critical • Communication and being informed are treated as the most valuable attributes in todays business • What is the real requirement • Business unit ‘A’ needed to know what business unit ‘B’ is doing with business partner ‘X’
- 3. Problem Overview • Coveringthe costs of an integrated platform • Problems in creating ROI by exposing services and information • How all these being governed
- 4. Motivation • Service provisioningis a timely topic • Global financial meltdown, scraped IT expenses • Governance in terms of service provisioning is over looked • Small businesses are crushed without proper standards for API management and monetization • Opportunities to generate revenue via IT are being neglected
- 5. Aim • Create amanagement and a governance framework for services, which are exposed by organizations and provide a solid foundation to create ROI from their IT investments
- 6. Objectives • Will realizethe Aim using • A literature review on the subject area • A series of qualitative and quantitative analyses • to gather context details about the problem domain, about service consumer, developer & integrator • A Gap analysis • of what’s being implemented and used versus what’s required by the business. • Solution as a POC • Solution evaluation
- 7. Understanding of thearea • Banks Should be Banking on APIs and Apps • Gartner, 2012 • REST APIs gain added importance in application integration design • Gartner, 2012 • Towards Open Telco - Business Models of API Management Providers • 11 Proceedings of the 2011 44th Hawaii International Conference on System Sciences, 2011 • “Instapaper” and the Concept of Monetizing Your API • ProgrammableWeb, 2012 • Monetization Strategize for Mobile Operators • CISCO, 2010
- 8. Methodology • Evaluate literature,to identify proposals for a possible solution • Fact gathering from the large organizations and smaller organizations on their services strategy • Analyze current implementations • Analyze current governance practices • Propose a technical solution to standardize the API provisioning and governance
- 9. Critical evaluation ofthe solution • Compare with current industry implementations • Compare with current literature • Get feedback from industry experts • Get feedback from API providers, subscribers and app developers
- 10.