Customers today want to engage with companies on a variety of devices and channels. This expectation is driving enterprise IT organizations to move toward more efficient, agile development frameworks to more quickly deliver a diverse mix of connected experiences. Application Programming Interfaces (APIs) are the foundation on which the digital economy is built. APIs enable a business to securely expose content or services, both inside and outside the enterprise. APIs are not new, but with the explosion of apps and experiences required in the digital world, and new customer-centric IT organizations, companies across industries need better solutions now more than ever to manage their APIs and API-driven businesses.In the application economy, customer experience (UX) is everything. And as you continue to grow and expand your digital operations, you need to ensure that you can support seamless transactions.
API Management is the set of processes that enables a business to have control over and visibility into the APIs that connect applications and data across the enterprise and across clouds. API management solutions generally include the following capabilities to help a business make the most out of their API program.
1. ADeveloper Portal,
2. An API gateway,
3. Live API Creator
4. API lifecycle management,
5. Analytics capabilities
6. Support for API monetization.