Obviously, at the touch of your smartphone screen you carry out ‘N’ number of things, not only meeting your requirements but also setting forward plans to live your dreams.And more such things are possible due to the advancement in API economy which has definitely impacted the way eCommerce businesses are moving forward today.Dumbstruck about APIs, don’t be, as only few people are acquainted with the term.
If you know best to leverage the potential of these powerful business drivers, you can gain an edge over increased productivity, cost savings and rapid innovation.APIs are like the support systems for the eCommerce businesses and pave the way to the successful digital transformation, with a transition from monolithic IT systems towards microservices architectures that are straightforward, reliable, and agile.Smartphones using smart technology interact with us providing us all the required details we want leveraging the best of the user interface.
And using our senses we try to understand and decode what is presented to us.
Normally, these are the ones that we use numerous times a day such as from booking flights to checking the weather, updating Facebook to checking the latest scores.
These are just a few popular APIs from the huge gamut out there on the web.Private APIsPrivate APIs are the ones that are quite specific and useful from a business viewpoint.
However, let us quickly get enlightened on API economy.What is API Economy?The API economy is nothing but an environment where all APIs – API providers, API consumers connect, network and work via the internet.As mentioned above the varied architectures of Web APIs, here come from the two major ones.Monolithic and Microservices architectures exist in the eCommerce ecosystem.Four major differences between Monolithics & MicroservicesMonolithicsQuite complicatedMore AgileUnscalableSlow to ProcessNot AgileMicroservicesEasily manageableResilientPowerful and scalableHave not yet joined the league of microservices, most of the eCommerce companies are still working on Monolithic IT architectures which fall back due to a lot of loopholes and inefficacy.They are usually messed up, tangled, over-stressed and chaotic.