Apigee launches the industry's first API exchange platform
March 28, 2013 —
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Apigee, the API company, today launched the Apigee API Exchange, the first API exchange platform designed to power app ecosystems in any industry. The API Exchange delivers seamless API interoperability, enabling businesses within an industry to collaborate and extend the reach of their apps to the broadest possible market. It breaks down the barriers to data accessibility in industries affected by fragmentation and facilitates industry-wide consumption of data and services.
"APIs are the 'nervous system' of our new digital world," said Chet Kapoor, Apigee CEO. "Being able to share services and data through interoperable APIs is crucial to establishing modern, digital ecosystems in any industry. This is especially true in industries where competition or regulation has created fragmentation, such as in telecommunications, healthcare or travel. The API Exchange will let consumers use apps and APIs seamlessly across disparate businesses within an industry, similar to roaming on mobile phones."
The Apigee API Exchange is initially available for the telecommunications industry. It represents a new model for API interoperability that creates expanded reach for operators and developers and new, telco-enhanced mobile app experiences for consumers.
Developing Apps in Fragmented Industries
Today, consumers increasingly rely on a variety of API-enabled services delivered through their mobile apps –everything from checking email to texting a friend to accessing health records. To provide broad access to the services and data in specific industries, app developers must engage in a costly and time-consuming process of working with multiple API providers. For example, in the telecommunications industry, app developers often work with many different operators' APIs to deliver apps that can be accessed by consumers worldwide. This fragmentation has slowed innovation and limited the number of apps leveraging rich APIs in telecommunications as well as many other industries.
In an API Exchange-powered ecosystem, application developers can build apps with APIs that can be consumed by a broad range of users across different businesses in fragmented industries. It's a uniquely flexible solution that lets businesses share data and services through industry-standard APIs or their own customized APIs.