API Strategy for Enterprise Digital Ecosystem

Abstract

The digital transformation of business is a process of transition to flexible integration of dynamic systems and platforms, defining new ways to organize the process of value creation. We are witnessing the creation of digital ecosystems based on freely and flexibly integrating modules. Based on a review of theoretical and methodological publications dedicated to the tools for building digital ecosystems - application programming interface (API), the concept of API and understanding of it from the point of view of developer, product manager, business analyst is studied. Its importance for the development of the digital ecosystem is commented. The concept of API economy is presented, which is generally used to denote the creation of a new value based on API. The technical and economic advantages and risks of using the API are indicated. The technical and economic advantages and risks of using the API are indicated. The article assesses the importance of the API strategy for business organizations, discusses some strategies for adapting the API in business systems, and provides assessments and recommendations for choosing an API strategy. Key issues are identified and recommendations for API implementation are given.