Transcript: New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024
Monetizing on APIs with better API management and monitoring
1. Monetizing on APIs with
better API Management and
monitoring
An ontology for API governance
Nuwan Bandara
2010/017
2. Introduction to the domain
• 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
• Covering the costs of an integrated platform
• Problems in creating ROI by exposing services and
information
• How all these being governed
4. Motivation
• Service provisioning is 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 a management 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 realize the 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 the area
• 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 of the solution
• Compare with current industry
implementations
• Compare with current literature
• Get feedback from industry experts
• Get feedback from API providers, subscribers
and app developers