Digital transformation is as real as it can get. Based on a recent survey done by Gartner, 42% of CEOs have already started working on it. This 42% does not include the tech giants like Google, Facebook, Amazon, or Microsoft since they are already beyond digital transformation (more towards the AI part of it). Even though there are still 50% of CEOs who have not started on this journey, they definitely will (hopefully, if they want to keep up with the competition). While enterprises are moving towards digital transformation, the technology itself has gone way beyond the standard terms.
People who engaged with the technical aspects of digital transformation have identified that it is not only about individual enterprises’ digital transformations, but the entire industry’s cooperation to reap more rewards for enterprises as well as customers. That is where the concept of “Open APIs” or “open standards” came into the grandstand. One of the hot topics in the European region is the Payment Services Directive 2 (PSD2) compliance regulation, which required all the banks operating in the EU to be compatible with PSD2 by January 2018. Even though this came as a regulation, this is a revelation in the way people deal with their banks.
One API, GSMA, is another set of “Open APIs” which allows multiple mobile network operator (MNOs) to interconnect with each other and reap the benefits of a much larger customer base than doing business with their own customer bases. https://goo.gl/N1gXTc #DataIntegration #ML
