Every business strives to succeed in the digital economy. Consumers are shifting their focus away from physical products and towards connected experiences, prompting companies to change product designs and best management practices. An API product strategy can help aid you in your business’ journey to success in the digital economy.

In today’s world, tech and software possibilities are exponentially expanding. Whether it is the innovation of cloud-based storage or a solution to a very old problem, there is always something new coming out. While the innovation allows businesses to become more streamlined and optimized than ever before, integrating this new software into your business may be a challenging task.

Tyk is becoming increasingly popular among developers who want to create a secure microservices-based architecture and connect apps and services that comprise a cloud and hybrid cloud IT infrastructure. Tyk may not be right for you and your company for several reasons. Tyk says it can “empower your teams” and “put your devs in the driving seat.” It also calls itself the “leading cloud-native API and service management platform.” But how true are these claims?

An application programming interface (API) value chain connects you to your customers through a series of partners. Unlike browser-based web apps where your customers buy goods or services directly from your website. APIs are a vital component of your digital business strategy. They help you analyze data and enable a multi-cloud strategy that can dramatically accelerate your time-to-market. Once you know how to create API value chains, you can implement them right away.

Mulesoft is often considered one of the leading names in data integration. It has a wide range of features that allow companies to integrate their applications, run analytics, and automate business processes. However, before you consider Mulesoft for your company’s needs, here are some reasons why Mulesoft may not be right for you.

The API economy is growing rapidly. According to research by Coleman Parkes enterprises were twice as likely as their peers to be confident they are differentiating themselves by using Application Programming Interfaces. The same report showed that companies with advanced API management processes experience up to 47 percent better business results than those with basic API management.

Since its conception, DreamFactory has always consistently provided value to its customers with its on demand, custom generated API management tools, and we’re proud of how we’ve been able to support our customers.

The world of insurance has been one most heavily influenced by APIs and the API-first operating model. Today, insurance agencies can benefit from learning how the API-first operating model can enable your IT team to unlock data from legacy systems and more. Technology has left its imprint on the insurance industry, and now tools like APIs have created even more opportunities for success. With so much room for success, it is important to realizes the need for insurance transformation.

Amazon Web Services (AWS) has millions of customers, making it one of the most popular cloud platforms in the world. With over 200 services from data centers globally — compute, storage, databases, machine learning, artificial intelligence, data lakes, analytics, Internet of Things, etc. — AWS makes it easier for businesses to move applications to the cloud and streamline workflows. Still, many gaps exist in native AWS tools, which can limit your company’s AWS capabilities.

The benefits of technology in the world of business are no secret. What is driving that technology today, however, is the use of APIs in areas like supply chain management. APIs are enabling the supply chain digital transformation from improved processes to forecasting and even being able to build better supply chain relationships. Being proactive versus reactive is the key to successfully managing your supply chain.