We’d like to share some of our thinking about APIs and why it motivates us to build Apigee into the world’s best website for API analytics and management.
The API Economy
Web APIs are not mainstream, but they will be. The money being made from Amazon, Facebook and other APIs is just the beginning. Today, APIs are measured in hundreds - about 1,400 listed on ProgrammableWeb. Web UIs, on the other hand, are measured in tens of millions.
In the future, many more websites will provide APIs. And new companies will be formed with revenue models exclusively focused on web APIs. If we look 10 years out it’s easy to imagine millions of web APIs.
Because APIs, by their nature, are networked together each additional API will amplify the value of existing APIs. That network effect will create an explosion of value that matches or exceeds the magnitude of today’s web economy.
That’s the API economy. It’s going to be big. But we need some important stuff before it becomes a reality.
APIs are the dark matter of the web
We know they’re out there. We know they’re important. We can infer their existence from mashups and integrations - if we update Twitter on an iPhone it shows up on Facebook. However, we’re not directly observing or effecting APIs. And until we do, APIs won’t have the massive economic impact that websites have had.
Today, there are hundreds of ways to understand websites, privately (Omniture, Hubspot, Google Analytics, etc.) and publicly (Alexa, Compete, Comscore, etc.). In 1995, when Urchin was founded, that wasn’t the case. Back then, there were few ways to understand how websites behaved or what people did with them. As a result, websites were often unreliable, they changed slowly and didn’t always have the content people wanted. As the tools for understanding the web evolved, the web itself evolved and became more valuable.
Web APIs are about 10 years behind web UIs. Today, we can’t benchmark APIs, we can’t see which APIs are popular and we can’t effect the way APIs behave without writing a bunch of code.
APIs at Web Scale
With Apigee we want to fix these problems. We want to make APIs at web scale a reality.
Our initial set of Apigee features is focused on protection and visibility. API providers can setup policies that enforce their terms of use and ensure uptime, acting as a circuit breaker that protect servers from overloading. Mashup developers can create heartbeat policies that monitor the APIs they rely on. With reports and analytics, API providers and mashup developers will gain visibility into their APIs.
Apigee users will be able to anonymously share their API data. Once API data are public, all of us will benefit from a global understanding of the API web. Just as we use Alexa, for example, to understand the UI web, we envision people using Apigee to understand the API web.
It’s important that Apigee be a website and follow the rules of the web: Apigee has a simple pricing matrix with a free version, getting started takes about 2 minutes and Apigee will get better as more people use it.
To make the API economy happen we need tools like Apigee to work at web scale. Our company DNA and the technology Apigee uses - Sonoa ServiceNet’s API Router - is all about high-scale networking. We’ve learned a lot from Sonoa enterprise customers about doing this at carrier grade levels of reliability and scale.
Our Vision
Apigee gives API providers and mashup developers the visibility, control and scale they need for their APIs. They will be able to share their data publicly so that all of us benefit from a better understanding of the API web. Once we evolve our tools for understanding APIs, we will see APIs themselves evolve and become more valuable.
We are at the beginning of the web API era. In the future, the value created by the API economy will rival that of today’s web economy.
Try it!
You can take a look at how Apigee works now with YouTube demo videos: one for API providers and one for API Consumers - developers and mashup artists. You can also request an invitation to try the preview of Apigee today.