SHARE
Facebook X Pinterest WhatsApp

IBM Looks to Accelerate Growth of API Economy

Top 10 Strategic Technology Trends for 2016 Thanks to the rise of application programming interfaces (APIs), an API economy that is projected to be worth trillions of dollars is rapidly growing. Moving to accelerate that process, IBM today announced that it is making available API management software that can be deployed on premise or in […]

Written By
MV
Mike Vizard
Nov 5, 2015
Slide Show

Top 10 Strategic Technology Trends for 2016

Thanks to the rise of application programming interfaces (APIs), an API economy that is projected to be worth trillions of dollars is rapidly growing. Moving to accelerate that process, IBM today announced that it is making available API management software that can be deployed on premise or in the cloud, at the same time unfurling an API matchmaking service, dubbed API Harmony, via its Bluemix cloud service for developing applications.

In addition, IBM announced that it is throwing its weight behind a new Open API Initiative being led by The Linux Foundation to create a set of interoperable standards around the Swagger specification for consistently invoking the metadata that surrounds REST APIs. Other vendors participating in this project include 3Scale, Apigee, Capital One, Google, Intuit, Microsoft, PayPal, Restlet and SmartBear. In the case of IBM, participation in the Open API Initiative is mainly being driven by the management team from StrongLoop, a provider of Node.js tools that IBM acquired earlier this year.

Finally, IBM announced today its participation in an effort to define APIs via a Banking Industry Architecture Network (BIAN) and a HL7 standards organization that is working on a Fast Healthcare Interoperability Resources (FHIR) API standard.

Arjun Natarajan, distinguished engineer for API Economy and Solutions Ecosystems at IBM, says IBM expects there will be over one million publicly exposed APIs by the end of the decade. The challenge organizations will face is discovering and then navigating all the potential APIs they could invoke. API Harmony makes use of cognitive technologies that IBM has been investing in to create an ecosystem around the IBM Watson platform to discover APIs that match a set of parameters defined with API Harmony running on the IBM Bluemix cloud service.

IBM already makes available API management software in the cloud. But with so many organizations now making use of APIs to connect internal applications and services, Natarajan says there is also a need to deploy API management software in premise. To help facilitate those efforts, IBM today announced an API Economy Journey Map service through which it will provide access to consultants to help organizations manage the creation, deployment and management of APIs.

IT organizations of all sizes are now making routine use of APIs to connect almost everything and anything. The challenge they face is not only building those APIs as rapidly as possible, but also making sure those APIs are actually discovered by the organizations that are expected to consume them. Without some capability for automating the discovery of those APIs, chances are all the work that went into developing them in the first place will be for naught.

MV

Michael Vizard is a seasoned IT journalist, with nearly 30 years of experience writing and editing about enterprise IT issues. He is a contributor to publications including Programmableweb, IT Business Edge, CIOinsight and UBM Tech. He formerly was editorial director for Ziff-Davis Enterprise, where he launched the company’s custom content division, and has also served as editor in chief for CRN and InfoWorld. He also has held editorial positions at PC Week, Computerworld and Digital Review.

Recommended for you...

Top ETL Tools 2022
Collins Ayuya
Jul 14, 2022
Snowflake vs. Databricks: Big Data Platform Comparison
Surajdeep Singh
Jul 14, 2022
Identify Where Your Information Is Vulnerable Using Data Flow Diagrams
Jillian Koskie
Jun 22, 2022
IT Business Edge Logo

The go-to resource for IT professionals from all corners of the tech world looking for cutting edge technology solutions that solve their unique business challenges. We aim to help these professionals grow their knowledge base and authority in their field with the top news and trends in the technology space.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.