In today's world of API, the ever-expanding interconnectivity has emerged API management.
Hence, to understand why an IoT Business depends on API management, you first need to ask what is API.
What is API?
What is API? It stands for 'application programming interface'. Which is code that allows two software programs to talk to each other? Hence, they are the fundamental enabler of IoT. As a result, they connect people, businesses and things.
Why is it important for business?
The use of API brings a new level of connectivity and data sharing to different applications. Most noteworthy, they overcome incompatibilities with different platforms, data structures and technologies. Furthermore, they can help to create new digital products and business models. While benefiting from reduced development time and risk of errors in programming.
Using API has enabled critical components of an IoT business solution to form an API economy. So, affecting the operational bottom line, growth and digital business success. API management is key to managing the relationship between API providers and users. Consequently, it needs to be scalable and flexible to be effective.
Why is API management being critical for IoT business?
Without it, your IoT applications can be vulnerable to security or reliability issues. An API management solution acts as an intermediary. Using a combination of API key and authorization controls. Also, usage reporting and analytics, using documentation, developer communities and payment information.
Thus, it helps you to develop and put in place a great IoT solution. It enables quick response to failures, control upgrades, device registration, analytics and security.
It makes things easier to design, deploy and manage your application programming interface. And will ensure that it is secure by protecting your back-end services. Thus, making it harder for the end-user to cause problems with your IoT application.
Find out how your IoT solution can use the Velos IoT Nomad API
Contact us to learn more about our Nomad Connectivity Management Platform.
