Finance:API economy

From HandWiki

API economy refers to an economy of sharing, transacting, reselling/repackaging and/or consuming value in form of digital services, processes and/or data between software applications via application programming interfaces (APIs) that are typically owned or operated by separate entities.[1] These API's are commonly made publicly available for others to utilise them, based on predefined terms of use and supported by documentation about API's functions.[2]

References

  1. Columbus, Louis. "2017 Is Quickly Becoming The Year Of The API Economy" (in en). Forbes. https://www.forbes.com/sites/louiscolumbus/2017/01/29/2017-is-quickly-becoming-the-year-of-the-api-economy/#19d8d6b06a41. 
  2. Tan, Wei; et al."From the Service-Oriented Architecture to the Web API Economy". IEEE Internet Computing Vol. 20, No. 4. July-August 2016. P.g. 64-68. DOI: 10.1109/MIC.2016.74.