You will likely see API frequently mentioned in the modern digital world, especially for app building blocks that make application production more seamless and effective than ever. However, in the API world, there is more than one way to create an API. The discussion over API generation vs. manual development is complex and Automated APIs could prove advantageous over manual development procedures during digital transformation.

APIs (application programming interfaces) help companies increase functionality without expensive development. By using APIs, businesses can add new features to existing applications quickly and easily. Whether you’re working on expanding your app ecosystem or a complete digital transformation for your business processes, your goal is to have a seamless company connection process.

In a world driven by software, technology, and data, businesses must be utilizing data points to streamline their businesses. Data now exists from all aspects of a company and must be properly integrated to make intelligent decisions. From client sales, purchasing behaviors, inventory, and beyond, collecting, understanding, and interpreting these data points can help your business thrive in your respective industry.

Fintech is the perfect example of how emerging, disruptive technologies are rocking a traditional industry: the banking sector. Fintech, a portmanteau of financial technology, is its own industry, changing the banking world and forcing it to evolve. Most financial institutions are now using some kind of fintech, from simple banking apps to entire platforms aimed at promoting open banking.

Enterprise data is a valuable asset in today’s digital economy. As a result, companies are always looking to utilize data services to get more out of their valuable data. Two ways that companies can achieve this is through using APIs and data warehouses. Did you know that the global data warehousing market size is projected to reach over $51 billion by 2028 or that the worldwide API management market size is expected to reach over $13 billion by 2027?

While APIs are not new technology trends by any means, they have become vital to the digital transformation process over the last decade. APIs are increasingly becoming a necessity for business operations, as is overall API management. Business leaders overwhelmingly agree that APIs are the future of business. A recent study shows that 97% of enterprise leaders agree that APIs are essential for business survival because they enhance security and streamline business operations.