In recent years, an increasing number of companies are undergoing digital transformation and seeking to adopt new technologies as they pursue more innovative and efficient ways of providing better experiences for their customers. APIs help businesses scale their operations by providing a convenient and standardized means of sharing data and services. As businesses grow, keeping track of all the APIs available for use, socialization and monetization can become more challenging. This may increase the likelihood of security issues, since unknown APIs are possibly unsecure, out of date and a possible breach point.
Despite these challenges, APIs are a key part of the digital transformation process. They accelerate innovation while offering significant enhancements in functionality, scalability, security and monetization.