Consumer and employee appetite for more applications is growing and 94 percent of business executives said they faced increased pressure to release apps more quickly2. APIs are being used to help speed app development and delivery.
“APIs are a cornerstone for innovation and business growth in the application economy. Given the current business dynamics, organizations need to constantly look for new ways to engage with their key stakeholders including customers, partners & employees to generate revenue opportunities using connected devices, big data & analytics. The importance of APIs are increasingly being felt today since we are undergoing a revolution in the way software is developed and deployed and APIs enable the same by acting as a catalyst”, said Vic Mankotia, vice president, Security and API Management, Asia Pacific & Japan.
CA API Management delivers cross-functional benefit across a variety of users including the developer building the apps, the business executive who owns the new business service, and enterprise architect responsible for managing and securing the API. It helps companies meet the surge in demand to deploy apps quickly while also reducing the time and effort required to manage APIs and deliver tangible return on investment (ROI) for customers.
Further value can be found in CA API Management’s speed in transforming data to help ensure smooth application integration. Analysis showed “a reduction in time to perform data transformations from six weeks to two days due to easier back-end integration with legacy systems. For example, XML transformations used to be more difficult and time-consuming prior to CA API Management. Because the platform has lightweight ESB capabilities, these transformations are performed 94% more quickly,” the Forrester Consulting study stated.
The study also found key additional benefits around CA API Management:
- Financial value: The three-year, risk-adjusted analysis showed a 275 percent ROI and a payback period of 12 months.
- Improved productivity: The average time required to create API policies decreased from 8 hours to 20 minutes (96%), improving the productivity of the API architect.
- Easier maintenance: With CA API Management, customers received easier ongoing policy maintenance and support, requiring only 50% of the time as before because of better tools.
- New revenue streams: Some customers could increase ROI an additional 70 percent if they are using CA API Management to open up data and monetize APIs.
1 “The Total Economic Impact™ Of CA Technologies CA API Management,” Forrester Consulting, April 2015.
2 “How to Survive and Thrive in the Application Economy,” Vanson Bourne, September 18, 2014.
Total Economic Impact™ (TEI) is a methodology developed by Forrester Research that enhances a company’s technology decision-making processes and assists vendors in communicating the value proposition of their products and services to clients. The TEI methodology helps companies demonstrate, justify, and realize the tangible value of IT initiatives to both senior management and other key business stakeholders. The TEI methodology consists of four components to evaluate investment value: benefits, costs, risks, and flexibility. (forrester.com/marketing/product/consulting/tei.html)