What is API Management?
October 25, 2019

What Is API Management?

API Lifecycle Management
Digital Transformation

API management is essential for driving digital transformation. If your business has any involvement in creating or consuming APIs, you are going to need API management to drive business value.

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What Is API Management?

API management is the process of designing, implementing, securing, managing, monitoring, and publishing APIs. By using an API management, you can use APIs as secure building blocks to expose business capabilities — and address stakeholder requirements?

What Is the Use of API Management?

An API management platform is the key to create, control, publish, secure, and analyze APIs. This is especially critical in an enterprise setting. By using an API management platform, you can truly experience a secure digital transformation and drive your business forward. 

There are several critical components in any API management platform:

API Design

API design enables the user to create APIs, as well as publish and deploy them. 

API Gateway

API gateways make it easy to manage, deploy, develop, and operate APIs. An API gateway enables enterprises to standardize API delivery with high security, performance, and availability.

Developer Portal

The developer portal is also called an API portal, API marketplace, and API catalog. The portal enables organizations to market and publish their APIs to connect with other developers and consumers. Through this portal, a partner ecosystem can grow to provide new channels for your business.

API Lifecycle Management

API lifecycle management refers to maintaining stability and reliability through all stages and environments of the development and deployment process. Proper lifecycle management ensures that APIs — and the process — remain secure.

API Analytics

Operational and business analytics provide meaningful insights into your APIs. Know how they are performing, how they are being used, and how they are delivering value to your business.

Enterprise API Management, Defined

APIs are fundamental to extending business logic into new arenas and quickly capitalizing on opportunities. But it's more than just creating working APIs. It's about creating a strategy to address stakeholder concerns, and creating a robust infrastructure to support the new digital platform. 

Learn how to do it in our white paper: Enterprise API Management, Defined.

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How Do You Manage APIs?

The best way to manage APIs is to use an API platform you can trust. 

Akana, for instance, delivers the critical components you need to successfully manage APIs:

  • Easy for users to create and publish APIs.
  • Strongest API gateway in the market.
  • Out-of-the-box fully integrated developer portal and marketplace.
  • Full lifecycle API management capabilities.
  • Automated API analytics. 

Top 3 API Management Benefits

The top three API management benefits are as follows. 

Accelerate Digital Transformation

API management accelerates digital transformation. It create new routes to market, creates value for customers and partners, increases time to market, and ignites your digital transformation.

Protect Your Data's Integrity

It only takes one breach for your business to experience fines, litigation, and irreparable damage to the brand. That's why you need to be able to configure and enforce API security standards quickly and easily. This includes standards for authentication, authorization, data privacy, attack prevention, and non-repudiation.

Create Better Customer Experiences

Leveraging API management helps you create better customer experiences. That's because leveraging API management helps you get the most out of your technological investment. You can leverage your applications to innovate and access a wider audience.

Key Akana API Management Features

Akana delivers the best API management features on the market.

The following are some of the API management features that set Akana apart.

Multicloud and Hybrid Cloud Deployments

Akana is available in cloud (SaaS), on-premises, and hybrid environments. You can even deploy Akana across multicloud environments. Akana prevents you from getting stuck on a platform that doesn’t support changes in your needs.

Simple Design

Akana makes it easy for you to design APIs from scratch. Import and export can be done in the API descriptor language of your choice. Your developers can publish APIs in their preferred language — and the community to consume APIs in their preferred language.

Insightful Analytics

Measure the impact of your APIs with the powerful Akana analytics engine. Ensure operational efficiency with operational analytics. Gain insight into usage with developer analytics. Monetize your APIs for maximize revenue with business analytics.

Promotion Platform

Akana’s turnkey developer portal makes it easy to connect with different audiences, both internal and external. This drives more usage and opportunities to unlock new business channels.

Traffic Management

Akana helps you improve customer satisfaction through its traffic management capabilities. You can easily control the how much traffic flows through your APIs with routing, throttling, and service-level agreement (SLA) capabilities.

What Does API Management Success Look Like?

API management success looks like:

  • Reduced risk of SLA penalties, data breaches, or regulatory compliance violation.
  • Higher productivity for end users.
  • Lower costs of infrastructure, publishing and document APIs, integration, compliance, and more.
  • Accelerated revenue as a result of time-to-market and innovation.

API management should deliver ROI and value to your business fast.

With Akana, API management does just that. 

Find out how much more value you can deliver to your business by using Akana. Use our assessment tool to understand the business value of API management.

Measure Business Value  Try Akana