definition of api management
October 25, 2019

What is API Management?

Security
Digital Transformation

If your business has any involvement in creating or consuming APIs, you are going to need API management.

Definition of API Management

API management is the process of designing, implementing, securing, managing, monitoring, and publishing APIs.

While that definition addresses the capabilities of an APIM solution, it does not speak to the value that it provides. In another definition:

API Management is a modern digital approach to systems integration, using APIs as secure building blocks to expose business capabilities, addressing requirements of both tech and business stakeholders throughout the enterprise ecosystem, inside and outside the “four walls”.

What Are API Management Tools?

Provided the definition above, how does a solution deliver these capabilities? An API management platform will typically contain the following features:

  • API Design: Enabling the user to create, publish, and deploy modern, well-structured APIs.
  • API Gateway: Streamlining management, deployment, development, and operation of APIs. An API gateway enables enterprises to standardize API delivery with high security, performance, and availability.
  • Developer Portal: Also called an API portal, this 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: 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.

What Benefits Does the Akana API Management Platform Provide?

Akana has been recognized as a leader in the industry by independent research firms such as Forrester. The below Forrester Wave API Management Report evaluates 15 vendors across 26 criteria, with Akana ranking as a leader and the top vendor for API security – the only company to receive a perfect score in this category.

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Expanding on the features listed above, the Akana solution provides the following benefits to developers and consumers:

  • Security: It only takes one breach for your business to experience fines, litigation, and irreparable damage to the brand. Akana offers the latest in security standards to keep your APIs and your sensitive data protected. This includes standards for authentication, authorization, data privacy, attack prevention, and non-repudiation.
  • Intuitive Design Tools: A polylingual graphical tool allows the user to design APIs from scratch. Import and export can be done in the API descriptor language of your choice, allowing developers to publish, and the community to consume, APIs in their preferred language.
  • Flexible Deployment: Available in cloud (Saas), on-premises, and hybrid environments, Akana prevents you from getting stuck on a platform that doesn’t support changes in your needs.
  • 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.
  • Social Platform: Akana’s turnkey developer portal makes it easy to connect with different audiences, both internal and external, driving more usage and opportunities to unlock new business channels.
  • Lifecycle Management: Ensure consistency through all stages of the software development lifecycle (SDLC). Fully-customizable workflow ensures that no APIs are promoted through development stages without proper authorization, preventing rogue actors and the publishing of unapproved APIs.
  • Mediation and Integration: Fitting into your enterprise’s framework and working with both existing and legacy data sources, get the most out of your technological investment by leveraging your applications to innovate and access a wider audience.
  • Traffic Management: Easily control the how much traffic flows through your APIs with routing, throttling, and service-level agreement (SLA) capabilities.
  • Digital Transformation: All of the above benefits make it easier to create new routes to market, create value for customers and partners, increase time to market, and ignite your digital transformation. (Related blog: What is Digital Transformation?)
  • Thought Leadership: Akana is a pioneer in API management with over 18 years of experience. This domain expertise is part of the reason why global banks, large retailers, and other industry leaders trust their security to Akana.

API management is becoming a critical aspect of any business that looks to further connect with partners and customers, while doing so securely. Akana’s end-to-end API management solution offers a comprehensive set of tools to accomplish these goals.

Next Steps

Request a Demo: See our platform in action and find out why Forrester ranks Akana as a leader in API Management.

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