API is the acronym for Application Programming Interface, which is a software intermediary that allows two applications to talk to each other. Each time you use an app like Facebook, send an instant message, or check the weather on your phone, you’re using an API.

What does API management include?

API management is the process of creating and publishing web application programming interfaces (APIs), enforcing their usage policies, controlling access, nurturing the subscriber community, collecting and analyzing usage statistics, and reporting on performance.

Why API management is important?

APIs play an important role in the digital economy and their business value cannot be underestimated. … API management helps improve and accelerate an enterprise’s development process and their ability to respond to consumer demands. As such, implementing API management strategies in a business is just as critical.