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| Source: CA Technologies infographic. API programmes lead to better business outcomes in Singapore. |
A global study launched by CA Technologies has found that a majority of Singapore organisations are leveraging application programming interfaces (APIs) to fortify their success in the application economy.
According to APIs and the Digital Enterprise: From Operational Efficiency to Digital Disruption, 40% of Singapore firms have been able to define the value of APIs and translate them into business benefits. Singapore ranked the highest across the Asia Pacific & Japan (APJ) region and also topped the global average of 34%.
Results from the study found that increased investment in APIs yielded significant benefits across the entire spectrum, from increasing operational efficiency and competitive advantage, to digital disruption.
“As per our findings, a clear correlation exists between the level of API-enabling capability and the benefits achieved from API-related investments,” said Tony Lock, Distinguished Analyst at Freeform Dynamics, the IT industry analyst firm that conducted the study. “Also of note is that digital disruptors today are 2-2.5 times more likely than the mainstream to have a managed and coordinated approach to APIs.”
“As per our findings, a clear correlation exists between the level of API-enabling capability and the benefits achieved from API-related investments,” said Tony Lock, Distinguished Analyst at Freeform Dynamics, the IT industry analyst firm that conducted the study. “Also of note is that digital disruptors today are 2-2.5 times more likely than the mainstream to have a managed and coordinated approach to APIs.”
Respondents in Singapore reported using APIs to incorporate third-party services (80%), build web-based applications (79%), integrate back-office systems (78%), build mobile applications (75%) and enable third-party developers (71%).
Singapore respondents noted that the factors which contributed to the top current and future drivers for using APIs are new and improved customer experiences, faster delivery of new apps, exploring new business models, lowering IT-related costs and risks and leveraging third-party developer innovation – all ranked at 87%. This clearly showed that the major drivers of API programmes are business-related, not technical.
“The recognition that APIs are the foundation of today’s application economy, where software is at the centre of every business, is gaining traction in Singapore,” said Vic Mankotia, VP, Security & API Management, Asia Pacific & Japan, CA Technologies. “While a vast majority in Singapore agree on the most important strategies needed for success with APIs, only a minority are implementing them. Nonetheless, for those who get it right, API programmes are paying off handsomely. It is important to not only have APIs, but to ensure that they are implemented and managed well, with the right strategies in place.”
Justifying budgets
Even though Singapore leads the pack when seeing the business benefits, only 25% of the firms have actually managed to translate this into securing funding for APIs. The main obstacle comes in building the business case to decision makers: In Singapore, only one in four respondents have been able to educate senior budget holders and secure funds; or even find the right suppliers to provide skills and advice.
As a reult, fully developing and instituting a strategic API programme is still a work in progress for many. The survey showed that while a majority agree on which strategies are the most important for success with APIs, few have implemented these measures.
For example, 88% of firms in Singapore agree on the importance of having the right infrastructure in place, but only 34% have completed this task; 90% agree that finding the right suppliers is crucial, but only a quarter of businesses indicated that they have achieved it; 84% percent agree that they need to recruit a critical mass of developers and define a developer community support programme, but only 25% and 40% of firms have implemented these strategies respectively.
As a reult, fully developing and instituting a strategic API programme is still a work in progress for many. The survey showed that while a majority agree on which strategies are the most important for success with APIs, few have implemented these measures.
For example, 88% of firms in Singapore agree on the importance of having the right infrastructure in place, but only 34% have completed this task; 90% agree that finding the right suppliers is crucial, but only a quarter of businesses indicated that they have achieved it; 84% percent agree that they need to recruit a critical mass of developers and define a developer community support programme, but only 25% and 40% of firms have implemented these strategies respectively.
In Singapore, API programmes are paying off handsomely for roughly eight in 10 of those who are using them:
· Delivering improved customer experiences (82%)
· Faster delivery of revenue-enhancing applications (78%)
· Lower IT-related costs and risks (81%)
· Extend digital reach (79%)
· Monetise data (77%)
CA helps customers maximise use of APIs by providing them with a secure, developer-friendly environment that can address large-scale mobile and Internet of Things (IoT) initiatives.
Interested?
Read APIs and the Digital Enterprise: From Operational Efficiency to Digital Disruption
View the infographic
Check out the Master the API Lifecycle playbook
*The global online survey of 1,442 senior IT and business executives was sponsored by CA Technologies and conducted by industry analyst firm Freeform Dynamics in July 2015. It was augmented by in-depth telephone interviews with key industry executives.
View the infographic
Check out the Master the API Lifecycle playbook
*The global online survey of 1,442 senior IT and business executives was sponsored by CA Technologies and conducted by industry analyst firm Freeform Dynamics in July 2015. It was augmented by in-depth telephone interviews with key industry executives.
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