API Management and the Measurement of Value Exchanged

The concept of API management has been around for a decade now and is something that is now part of the fabric of the cloud with services like AWS API Gateway. API management is about requiring all consumers of any API resource to sign up for any API access, obtain a set of keys that identify who they are, and pass these keys in with each API call they make from any application. Since every API call is logged, and every API call possesses these keys, it opens up the ability to understand exactly how your APIs are being used through reporting and analytics packages which come with all modern API management available today. This is the fundamentals of API management, allowing us to understand who is accessing our digital resources, and how they are putting them to use–in real time.

The security of API management comes in with this balance of opening up access, being aware of who is accessing what, and being able to throttle or shut down the access of bad actors–more than ever it is about authentication and requiring keys for all API calls. If you want access to any digital resources from a company, organization, institution, or government agency in a machine-readable format, for use in any other web, mobile, or device application–you use the API. This allows ALL digital assets to be made available internally, to trusted partners, and even to the public, while still maintaining control over who has access to what, and what types of applications they are able to use them in. APIs introduce more control over our digital resources, not less–which is a persistent myth when it comes to web APIs. https://goo.gl/aitQ7S #DataIntegration #ML

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