APIs (Application Programming Interfaces) have become significant drivers of economic growth and technological agility. By allowing various applications and services to interact and share resources, APIs have opened infinite possibilities for businesses and individuals alike. And with many organizations realizing the inherent benefits of APIs, they are currently using them to permit effective communication and share massive loads of data between programs and systems.
With APIs becoming vitally essential across various industries, the development of robust and cutting-edge APIs has become a necessary consideration for all stakeholders, including programmers and those who consume them. However, with poor management, APIs can cause more harm than good. Improper API management leads to unexpected downtime, security breaches, and loss of chances to create revenue.
What is API Management?
API management is the process of overseeing all API functions, such as documenting, controlling, distributing, and analyzing, in a scalable and secure environment. It seeks to provide publishers with superb visibility of the API resources in a safe environment. Its goal is to see that the needs of developers and users are met.
Adequate API management allows for the building of consumer communities, creation of avenues to report of success, and airtight transfer of information. The process is achieved with the help of specialized software that often incorporates unique features that serve internal and external consumers. And since API management needs may differ from one organization to the next, the type of software you choose will be based on the unique needs of your enterprise.
Why API Management is Essential
- It permits programmers and organizations to scale, safeguard, analyze, govern, and monetize API programs
- API Management helps to improve API security. It aids businesses to define standardized policies that protect APIs.
- It also regulates and stops traffic to back-end systems.
- API governance, which is part and parcel of the API management process, helps developers to assert that every API program is proactive, and it meets the goals and adds value to business processes.
- Through API analytics, API management allows programmers and enterprises to monitor how their APIs are being used, as well as rank their performance.
- Monetization. Lastly, API management enables programmers and organizations to use API to generate revenues. This can be achieved by creating customized plans and packages.
Above all, if you want to realize the benefits of API monitoring and control, you need to select the best API management software.
What are API Management Tools?
API management tools are software products that enable programmers and businesses to monitor, control, analyze, and monetize APIs across systems and in the cloud. In simple terms, there a set of tools that help you to gain visibility into your API architecture. They enable administrators to monitor traffic, consistency, hitches, and security of their published APIs. Programmers can use API management tools after successful API design or by an organization’s IT department during the post-production phase. From there, all the monitoring, maintenance, and management happen within the API management product.
There are several API managing tools in the marketplace, but only a handful of them deliver their intended purpose. For software to be described as an API management tool, it must offer traffic, security, and functionality monitoring. It must also equip the administrators with operation and monetization tools. Some of the popular API management tools include:
- Microsoft Azure
- Anypoint Platform
- Oracle API Manager
- Amazon API Gateway
- Apigee Edge
- IBM API Management
- Clearview InFocus
What is API full Lifecycle Management?
Now that we have seen what API management is all about, let’s try to understand API full Lifecycle Management. With the perverse proliferation of API in the digital landscape, the most significant challenge for companies is how to cope with the ever-increasing demand. Most of them are addressing the issue by building more APIs within the shortest time possible, controlling the API through proper management, and utilizing them directly or through third-party developers.
API Full Lifecycle Management is a phrase that seeks to illustrate the importance of managing all the steps in the lifecycle of an API. It is an approach that offers a holistic view of how to control and monitor APIs in their entire lifecycle, from creation to retirement. With API and apps becoming a pivotal piece of several businesses’ digital strategy, the success of such enterprises is determined by their ability to manage the entire API lifecycle. The five stages of API lifecycle include:
- Planning and Design
- Implementation and Testing
- Basic Deploy and Run
- Advanced Deploy and Run
- Versioning and Retirement
API full Lifecycle management seeks to analyze, monitor, and control API architecture through their entire existence. The approach allows businesses to draw the attention of the right app developers, enhance their APIs, troubleshoot problems, and make sound decisions concerning the use of API-powered apps and programs.