#ICYDK: Building API Economy for Your Organization
The magic word “digitalization” is changing the way an organization doing their traditional business because 4th industry revolution coming from digitalization. Amazon growth is coming from digital technologies. Tesla has transformed the auto industry with digital technologies. Netflix has changed the movie distribution with live streaming. These companies discovered precious metals from their internal assets and not extensively worked on something, but they find it from internal assets and redistributing to the external world, Amazon cloud and Netflix microservices are the best examples. I got an opportunity to work with one of the retail shoe company. They have an internal product called “stockcurve.” The beauty of the product is predicting sale on every story, every day, and every category, which includes size and color of the product for the next 3 years. It was developed 15 years back, but these types of intangible assets are simply sleeping in every organization and have enough potential to generate revenue for the organizations. This document talks about how to discover these types of intangible assets and convert as an API economy to create revenue making streams for the organizations.
Introducing Bezos Mandate to Organizations
* All products/applications communicate with each other through APIs and services.
* Products/Applications are not allowed to talk directly such as shared memory, back-doors to communications. The systems only communicate through governed APIs. https://goo.gl/VYKzkM
