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DENVER, April 08, 2019 (GLOBE NEWSWIRE) -- API integration is increasingly an important element of digital business strategy, fueling customer loyalty, partner ecosystems and new revenue opportunities, according to a new study issued today by Cloud Elements. The third annual “State of API Integration” report contains insights and predictions from API industry experts, as well as more than 350 API enthusiasts from 27 distinct industries. Key findings include:
“The API economy is (finally) ready. We now have the practice, the tools, the business models. We know that it works and will scale. But how far? This is the challenge of API integration,” said Mehdi Medjaoui, founder of APIdays and a contributor to the report. “APIs have the potential to bring the world closer together if we can find the right blend of technical skills, business savvy, and human ethics to build them and integrate them. The real potential of APIs is not to replace a software, but to represent the business of a company.”
“With an ever-increasing number of APIs and applications, developers can’t possibly be expected to keep up with the scale of growth or the pace of change,” said Ross Garrett, vice president of product for Cloud Elements, and editor of the report. “RESTful APIs have created a strong and lasting foundation for innovation, but we need more. More technologies and integration patterns. More security to increase trust. More standards to help interoperability. More analytics to inform decisions. More openness to drive transformation. More tools to ease integration. And more governance to manage complexity.”
In addition to insights from Garrett and Medjaoui, the 2019 report includes front-line perspective on healthcare interoperability and open standards from API activist and REST Fest co-organizer Shelby Switzer; best practices in API design from API consultant and speaker Mike Amundson; and an overview of API security challenges and opportunities, from Ping Identity’s Field CTO Francois Lascelles.
The report also covers the importance of application ecosystems across key vertical markets, including fintech and open banking, human capital management, and healthcare. Additional topics include business drivers of API integration; the emergence of virtual data hubs; regulatory changes like the Payment Services Directive (PSD2) in banking; and the move to data standards, including the Open Data Initiative founded by SAP, Adobe and Microsoft.
Last but not least, the report captures feedback from API enthusiasts on their most frustrating challenges (39% said event-driven integration); the most time-consuming part of API integration (26% said workflows); their favorite API style (71% said REST without hypermedia); their preferred documentation standard (50% said Swagger); their preferred event-driven integration patterns (33% said WebHooks); and their preferred Auth mechanisms (49% said Oauth 2.0).
For more information, please download the 2019 State of API Integration report or listen to this on-demand webinar hosted by Ross Garrett from Cloud Elements, along with special guests Mehdi Medjaoui, Shelby Switzer and Mike Amundson.
About Cloud Elements
Cloud Elements brings harmony to the world of APIs, allowing software providers to innovate faster and plug into digital ecosystems. The company’s one-to-many virtualized API integration platform enables developers to unify thousands of APIs, build common data models for core business functions, and reduce the pain, cost and complexity of integration. Founded in 2012, Cloud Elements is headquartered in Denver, Colo., and serves customers worldwide. More information can be found at www.cloud-elements.com.
Media Contact: Tim Marklein Big Valley Marketing email@example.com M: 415-999-2006