The emerging API Economy is presenting significant challenges to all industry participants. When coupled with the Computing Troika—Cloud, Mobile, and Social computing—the API Economy is bringing about change in strategy requirements that have not ever been presented to organizations before. For example, the sheer number and nature personas and identities and the need to give access to internal information and resources is very significant.
The API Ecosystem is made of the rapidly evolving elements of The API Economy that organizations need to understand and integrate in to any ongoing strategy to embrace the Computing Troika. It is fairly obvious that any well managed IT strategy needs to address the Computing Troika — Cloud, Mobile, and Social Computing. And at first, it seems that The API Economy is just another phase in the rapid in the rapidly evolving issues of the Computing Troika. But upon closer look, The API Economy has its own complex and rich ecosystem that needs to be specifically thought of, managed and included in a budget.