Welcome to the API Economy: Developing Your API Strategy
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View the recording of this webinar: http://www.mulesoft.com/webinars/esb/welcome-api-economy Learn more about our Anypoint Platform for APIs: https://www.mulesoft.com/platform/api Gartner predicts 75% of Fortune 500 enterprises will open an API by 2014. In this new API economy, those without an API strategy will be left behind. What does this mean for you and your business? Join Ross Mason, MuleSoft Founder, for a discussion on key API trends and what you can do in this New Enterprise era to unlock competitive advantage for your organization. Questions discussed: What has changed with APIs? What is the API economy and how did we get here? How are APIs transforming enterprises? What are key API trends my organization should be planning for? How can APIs make my business more competitive?
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Welcome to the API Economy: Developing Your API Strategy
- 1. WELCOME TO THE API Economy Presented by Ross Mason Founder, MuleSoft #MuleSoftWebinar
- 2. 2 Background Driving Forces Todays Concerns Planning for the Future 1 2 3 4 Today's Agenda
- 3. 2 Background Driving Forces Todays Concerns Planning for the Future 1 2 3 4
- 4. Setting the Stage ! To understand how APIs have transferred our economy today, let's look at another influential economic age: The Industrial Revolution
- 5. "The Industrial Revolution marks a major turning point in history. Almost every aspect of daily life was influenced in some way."
- 6. How Does a Revolution Start ?
- 7. The right mix of ! Demand Resources Innovation Adaptation
- 8. 8 DEMAND greater population and free trade
- 9. All contents Copyright © 2013, MuleSoft Inc. 9 RESOURCES: COAL
- 12. Then ! Industrial Revolution Started the Industrial Age ! Second Industrial Revolution Brought even bigger advancements ! First Digital Revolution World Wide Web ! !
- 13. Now ! Do we have the right ingredients for the ! ! ! Second Digital Revolution ?! Demand Resources Innovation Adaptation
- 14. 2 Background Driving Forces Todays Concerns Planning for the Future 1 2 3 4
- 15. DEMAND 2.8 5 ! billion people connected to the Internet ! billion people connected to the Web Now ! ! ! ! Near Future ! !
- 18. All contents Copyright © 2013, MuleSoft Inc. 18 How much data is created every minute SOURCE: DOMO
- 19. Source: IDC, The Digital Universe in 2020, December 2012 Data volume will grow 50 fold over 15 years
- 20. Actionable on the same trajectory
- 21. THE INNOVATION ENABLING THE DIGITAL REVOLUTION IS THE WEB AS A PLATFORM
- 22. A place that people interact with through information THE SHIFT A platform to engage business directly and indirectly
- 23. 23 Innovation: the Web is a platform
- 24. Innovation Publish a website and reach a subset of users on the Web. Goal is to capture.001% of the audience to your website
- 25. THINK ABOUT IT. ! ! ! This is not an efficient model when there is a market of 2.8 BILLION people
- 26. THIS IS WHERE APIs FIT IN
- 27. Innovation & Adaption 27 1. Give the same functionality to third parties. 2. Means that third parties can build apps around data you provide 3. Mobile applications can use your API to create a better user experience
- 28. THE ADAPTATIONS ARE CREATED BY COMPANIES…AND EVERYONE ELSE
- 29. Source: Fast Company, The Most Innovative Companies of 2013 Examples of Good Adaptations on the Web NIKE FuleBand AMAZON Web Services SQUARE
- 30. More Examples Source: Fast Company, The Most Innovative Companies of 2013 WHY DO BIG BRANDS INVEST IN INNOVATION?
- 31. 1 2 3 Their old business models are eroding Their customer demands are changing They are under pressure to move quickly
- 32. APIs Enable New Innovations To Meet Demand NIKE uses device technology and the cloud to innovations such as FuelBand SQUARE adapts traditional payments into the mobile world FORD creates new consumer experiences by connecting the cars to services in the cloud NBA created digital products offering mobile and web content delivery and data services
- 34. Of mobile users have used mobile banking in the past 12 months x2 25% >$8 billion 21% Mobile purchases in 2012 consumers engage in online shopping only via mobile Mobile travel booking revenue in the US in 2013 Source: DC Financial Insights, 2012 Source: PhoCusWright January 2012 Source: Prosper Mobile Insights, 2012 Source: Federal reserve study 2012 Consumer Response
- 35. WELCOME TO THE API ECONOMY
- 36. APIs are new business channels to engage with partners and customers The API Economy is the global sum of digital transactions between multiple parties =
- 37. 2 Background Driving Forces Todays Concerns Planning for the Future 1 2 3 4
- 38. All contents Copyright © 2013, MuleSoft Inc. Twitter: @mulesoft @rossmason 38 What turns a sleepy rural town into this?
- 39. Demand + Resources + Innovation + Adaptation + Study Tours Sparking a Revolution Then
- 40. Demand + Resources + Innovation + Adaptation + Entrepreneurs Sparking a Revolution Now
- 41. To be part of the API economy, you also have to publish an API
- 42. 13,000 Open APIs are the tip of the iceberg
- 43. All contents Copyright © 2013, MuleSoft Inc. Twitter: @mulesoft @rossmason 13,000 1,000,000s of APIs and services in the enterprise 43
- 44. Source: Forrester, Establish your API design, June 2013 What Kinds of APIs are in the New Enterprise
- 45. The New Enterprise The New Enterprise highly fragmented - APIs help connect it
- 46. API models in the New Enterprise 46 Internal APIs B2B APIs Open web APIs Product APIs
- 47. API models in the Enterprise 47 Internal APIs B2B APIs Open web APIs Product APIs New Business & Innovation Channels WHERE YOU COME IN!
- 48. MuleSoft helps power the API Economy 48 Anypoint Integration Platform Mule Studio Insight MuleESB CloudHub Anypoint API Manager Anypoint Service Registry Enterprise Manager APIkit APIhub
- 49. 2 Background Driving Forces Todays Concerns Planning for the Future 1 2 3 4
- 50. 50 API Strategy Starting Point Strengths Weaknesses Opportunities Threats • Do you have unique data or can you glean useful insights or trends from the data specific to you? ! • Do you functionality that you have invested significant IP that is hard to copy? • Have you already invested in building APIs? Do you have the right culture and skills? ! • Do you have a captive audience or will you need to build from scratch? • Can you identify new markets for your data or functionality? • Can you team up with other suppliers for more value or reach a new audience? • How much of your existing skills can you leverage to gain advantage? • How easy it to mimic your API? • How well do you understand your audience and the business models they will bear? • Are you building your API as a product?
- 51. BY 2016 THE US GOVERNMENT WILL MAKE ALL PUBLIC DATA MACHINE READABLE Source: White House Open Data Initiative, January 2013
- 52. BY 2015 THE UK GOVERNMENT WILL MAKE THEIR TOP 25 SERVICES AVAILABLE THROUGH APIS Source: Government Digital Services, 2011
- 53. Parting Thoughts DEMAND The Second Digital Revolution is happening. Don't sit on the fence RESOURCES INNOVATION ADAPTION Your data and services, but your current business models may not be viable in 3 years Your API strategy will open up new opportunities to trade with customers and partners This is enterprise Darwinism - The New Enterprise creates differentiated services to compete in the API Economy
- 54. Thanks for your attention! #MuleSoftWebinar @rossmason @MuleSoft Watch the Full Webinar! http://www.mulesoft.com/webinars/api/welcome-api-economy ! Learn How to Manage Your APIs https://www.mulesoft.com/platform/api https://www.linkedin.com/in/rossjmason