For more information on this research and how you can leverage APIs to compete in the app economy, download the research report "APIs and the Digital Enterprise" at rewrite.ca.com.
Nonetheless, for those who get it right,API programs are paying off handsomely
82% have been able to deliver new/bettercustomer experiences
78% have experienced faster delivery of revenue-enhancing apps/applications
81% have been able to lower IT-relatedcosts and risks
79% have been able to expand theirdigital reach
77% have been able to monetizetheir data
But many companies stumble in building the business case to decision makers. Only:
25% have been able to educate seniorbudget holder and secure funds
40% have been able to define the valueof APIs in business terms
This is not the only area where companies are falling down.
The vast majority in Singapore agree on the most important strategies needed for success with APIs, but
only a minority are implementing them.
Why? The major drivers of API programs are business, not technical.
THE PERCENTAGE OF SINGAPORE ORGANIZATIONS USING OR PLANNING TO USE APIs TO:
87%DELIVER NEW AND BETTER CUSTOMER EXPERIENCES
87%SPEED DELIVERY OF REVENUEENHANCING APPS
87%EXPLORE NEW BUSINESSMODELS
87%LOWER IT-RELATEDCOSTS AND RISKS
87%LEVERAGE THIRD-PARTY DEVELOPER INNOVATION
According to a recent survey of IT and business leaders,sponsored by CA Technologies and conducted by Freeform Dynamics,
the majority of organizations in Singapore are leveraging APIs
%MOBILE APP DEVELOPMENT
%WEB-BASED APP DEVELOPMENT
%OPENING ACCESS TOOUTSIDE DEVELOPERS
THE MOST SUCCESSFUL DIGITAL BUSINESSES ARE 2-3X MORE LIKELY THAN OTHERS TO LEVERAGE APIs BOTH INTERNALLY AND EXTERNALLY.
Building the AppEconomy with APIs
APIs HAVE BECOME ESSENTIAL BUILDINGBLOCKS FOR SUCCESS IN THE
APP ECONOMY
PUTTING THE RIGHT INFRASTRUCTUREAND TOOLS IN PLACE
88%AGREE
ONLY 34%IMPLEMENTED
FINDING THE RIGHT SUPPLIERS TOPROVIDE SKILLS AND ADVICE
90%AGREE
ONLY 25%IMPLEMENTED
DEFINING A DEVELOPER COMMUNITYSUPPORT PROGRAM
84%AGREE
ONLY 40%IMPLEMENTED
DEALING WITH SECURITY AND COMPLIANCE CHALLENGES
86%AGREEONLY 37%IMPLEMENTED
ACQUIRING THE NECESSARYSKILLS WITHIN IT
88%AGREEONLY 40%IMPLEMENTED
RECRUITING A CRITICAL MASS OF DEVELOPERSINTO YOUR API PROGRAM
84%AGREEONLY 25%IMPLEMENTED
SINGAPORE
![WWDC Preview: The iOS App Economy - ACTactonline.org/wp-content/uploads/WWDC-Preview-The-iOS-App-Econ… · State of the App Economy 2014 [link] App Store After Five Years 2013 [link]](https://static.documents.pub/doc/80x56/5f05374c7e708231d411db14/wwdc-preview-the-ios-app-economy-state-of-the-app-economy-2014-link-app-store.jpg)
