I had an opportunity to moderate a panel at the Data 2.0 Summit this week in San Francisco entitled "Why You Should Join the API Economy". There was a considerable amount of thought leadership on the panel, including Chris Moody, President of Gnip; Gaurav Dillon, CEO of SnapLogic; Chris Lippi, VP Products of Mashery; Peter Kirwan, Entrepreneur-in-Residence of Neustar; and Tim Milliron, Director of Engineering at Twilio.
We explored several topics including where success is occurring now within various API ecosystems (what is working), where money is actually being made with APIs, what some of the adoption challenges are moving forward, and how people can begin moving down an API path (both publishing APIs and finding relevant and valuable ones to consume) - all of these topics I plan to cover in future blog entries.
However, one area we explored that I thought was especially interesting is the adoption of API-centric business models within larger enterprises. Sure, high tech companies like Cisco and Salesforce have been utilizing APIs as significant parts of their business models for years. But where it is becoming especially interesting and demonstrates APIs moving into the mainstream is the traction of APIs and DAAS (data-as-a-service) in traditional vertical industries.
For example, many government entities are now opening up data channels to enable citizens to create innovative applications, such as San Francisco's open data portal, on the publishing side of data and APIs. Opening up this data to the masses can drive all sorts of innovation that bring benefits to entire communities.
On the consumption side, Mohawk Paper's (a company founded in the late 1800's) inspirational data integration case study that Gartner published was discussed as evidence of an enterprise pulling data together from multiple third parties to create a custom solution in the Cloud. One of these services is StrikeIron's real-time foreign exchange rate service API. And of course, among our 1800 customers there are several Fortune 500 companies that are leveraging our various API's and DaaS products at increasing rates, all evidence of expanding adoption in the enterprise.
As we see API-centric and DaaS-centric business models emerge that find traction in the enterprise in addition to all of the smaller entrepreneurial innovators and startups, we know we are getting closer and closer to mainstream adoption, which is where some of the biggest opportunities are yet to be realized.