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Achieve faster integrations using Parkar NexGen Toolkits

faster integrations using Parkar NexGen Toolkits

Achieve faster integrations using Parkar NexGen Toolkits

1461 912 Parkar Digital

Today, there’s an API for practically everything you need to do. APIs are the enablers, whether you are driving integration, automation or agility. According to Gartner, 65% of global infrastructure service providers’ revenue will be generated through services enabled by APIs by 2023, a significant jump for the very modest 15% in 2018. It further goes on to say that APIs have helped enterprises generate good revenue; Salesforce generated 50% of its revenue from APIs while eBay stands at 60% and Expedia at a whopping 90%.

Achieve faster integrations using Parkar NexGen Toolkits

As we see a rapid progression in an era of digital transformation, devices continue to get smaller. Not surprising then, the applications running on them are evolving too – changing in nature, form, and function. The changing enterprise software landscape now calls for sophisticated Application Programming Interfaces (APIs) to integrate with back-end business processes and systems of records effortlessly.

After discussing healthcare digital transformations at length in our previous blog, we now delve deeper into the world of API and how you can leverage them perfectly using Parkar NexGen Toolkits. So let’s understand where API stands today. API management is being looked upon as a critical step towards going completely digital. The API marketplace is buzzing with solutions trying to help organizations tide over challenges in seeking customer information, conducting business transactions and making integrations with back-end processes easy and simple.

The need for API

The right API tools go beyond technology to interweave the human aspects along with business goals. The rationale is to build a connection between producers and consumers and ensure that the connection does a bit more than it intended to, helping enterprises create a seamless customer experience and work towards creating better solutions.

To know what we mean, look at companies like Apple and Netflix. They reinvented their businesses time and again not just keeping pace with the changing and trending market needs but also managed to become extremely popular with time.

As Apple CEO Tim Cook puts it, “We weren’t first on the MP3 player; we weren’t first on the tablet; we weren’t first on the smartphone. But we were arguably the first modern smartphone, and we will be the first modern smartwatch—the first one that matters.”

These companies bust the myth that only start-ups stand at an advantage and the traditional ones often fail to ride the digital wave. Of course, they do not carry the baggage of traditional ways of operating businesses but still, every enterprise’s lifespan largely depends on its ability to create new products and services and how effectively they serve their customers. In that sense, the traditional enterprises are data-rich and have a robust infrastructure that helps put a lot of things in perspective. This is where APIs come into the picture.

The sheer variety of available APIs is so extensive that it has become overwhelming for enterprises to choose the right ones for their business. The API security survey by Imperva suggests that companies on average manage 363 different APIs and two-thirds (69 percent) of organizations are actually exposing APIs to the public and their partners.

Today, APIs differ in technologies, and also the environment they are deployed in differs to a large extent. Cloud, serverless, data center, containers, etc. make for very challenging environments and diverse standards such as RPC, REST, SOAP, Socket, etc. call for unique but versatile APIs. There is a certain level of difficulty faced by enterprises in choosing the best ones that can be easily used by developers, product managers, and analysts while accessing both data and enterprise infrastructure. Parkar NexGen Toolkits have made a significant difference in the way enterprises think and operate and most importantly, integrate.

The proliferation of APIs

A 2018 report on API  integration compiled on the basis of data collected from 44 countries and 6 continents suggests it takes more than 60 days for the average API integration to build out and about 24% took more than 3 months for the same. The report also went on to explain that the evolving API integration also made it evident that not all API consumers were created equal. Different devices would necessitate modification of data objects, security measures might need a bit of tweaking and composition may require considerable alteration.

The report underlined this diversity by citing Netflix as an example.

So a desktop browser may require different things as compared to a mobile application or a smart television in terms of features and functionality. To optimize the API experience for app and device, an additional layer, or mediation on top of its existing API platform was added. And we are talking about 2018 here.

A lot has changed since then. API mediation is no longer new and now often used for enriching experiences.

Today, there’s an API for practically everything you need to do. APIs are the enablers, whether you are driving integration, automation or agility. According to Gartner, 65% of global infrastructure service providers’ revenue will be generated through services enabled by APIs by 2023, a significant jump for the very modest 15% in 2018. It further goes on to say that APIs have helped enterprises generate good revenue; Salesforce generated 50% of its revenue from APIs while eBay stands at 60% and Expedia at a whopping 90%.

The API construct

The benefits cited above are just the tip of the iceberg when it comes to underlining everything APIs can do. APIs are typically grouped into functional areas, capabilities and other categories to give enterprises a better grip on their usage. Right categorization is critical to ensure optimal usage. APIs should be such that they can be reused as required. APIs are both internal – the ones visible to and consumed by internal clients only, and external – the ones consumed by external clients including partners and long-tail app developers.

A connected enterprise rests on an API hub. While it is important for teams to easily discover and connect to the APIs that exist within the enterprise, it is also important that the API hub be self-service and easily accessible to all. This should include a set of customized access rules for other groups and individuals too depending on the role they play with respect to the enterprise. API hub should essentially break down the data and engineering silos so as to help the roll-out of new products in a more efficient manner, thus reducing their time to market.

When on the topic of API integration, one must understand that it’s all about adopting the best-of-breed apps and systems to deliver personalized experiences by enabling smart, agile integrations. In a consumer-driven market, this is important. The tools you use should be flexible and allow you to change integrations as often as you want.

Unlike traditional settings where the good ones were often built-to-last, the modern ones are more stable yet dynamic. Considering the fact that apps, processes, and workflows are perennially changing, having flexible integrations is the key to both success and survival.

Parkar endeavors to facilitate faster, smoother integrations with its NexGen toolkits made available via its open-source NexGen platform.

API economy

A realistic evaluation of assets now puts ‘data’ on top of the list of assets an organization possesses. A study by Massachusetts Institute of Technology (MIT) confirms, “Data is now a form of capital, on the same level as financial capital in terms of generating new digital products and services. This development has implications for every company’s competitive strategy, as well as for the computing architecture that supports it.”

Needless to say, if APIs are the doors to these assets, they also provide the coveted opportunity to enterprises to monetize them. As Bernard Harguindeguy, CTO – Ping Identity, rightly puts it, “The prospects for the API economy are exponential. APIs are creating powerful ways for businesses to streamline how they engage with partners and together deliver new generations of applications that empower consumers with more services and options.”

In an environment where APIs allow different systems to talk and communicate, API owes much of the interest it garners to secular growth in cloud computing and the subsequent need for integration that stemmed from it. The Uber app, for instance, is a classic example of what APIs can achieve. Especially when time means everything, APIs enable companies to build products and services that would otherwise be extremely time-consuming to build.

Enterprises are leveraging the API economy to break down silos and push innovation like never before. Parkar helps such enterprises leverage the API marketplace effectively and increase revenue, extend customer reach and stimulate innovation. Parkar NexGen toolkits with WSO2 enterprise platform, allows organizations to convert existing raw data currently residing in siloed system into consumer-centric APIs to build innovative products.

Parkar NexGen in healthcare

So when a major healthcare provider came to Parkar in pursuit of better visibility and insights into patient data, Parkar had all the right tools and solutions to help it attain its goals. The impact of open, standardized APIs is already well known and all those who have used them have been raving about its incredible benefits. This particular client was keen on building an AI-based decision support system that is perfectly integrated with third party intelligence systems via API so that they could leverage the available patient data more constructively to make good business decisions and improve the experience for all concerned. The data from EHR/EMR systems were required to be aggregated into more patient-centric APIs for this purpose. With Parkar NexGen, what it achieved was an open API interface, aggregated data, and  Custom portal. Not to forget the stress-free experience in achieving them.

In closing

The faster API integration is just what you need to connect the many components of your tech stack so that they interact and connect well. It would not only help automated workflows seamlessly transfer data but also reduce manual labor and enhance agility. For all this and more, you can count on Parkar NexGen toolkits.

Parkar brings your closer to technological solutions with a collaborative approach to help you improve business outcomes. With fruitful partnerships, it now serves some of the top corporations globally. Its NexGen platform is already helping organizations map their digital transformation and modernization journey. Parkar has agile frameworks and advanced technological solutions to help you attain your business objectives.

Request a demo today. You are just a call away from better revenue and incredible outcomes.

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