Winning in the API economy
summary
Argues that turning a company’s legacy core into composable services unlocks products and speed: Wells Fargo breaks monoliths into discoverable loan and FX services, Rocket Mortgage reduces approvals to 30 minutes by API-ifying appraisal and checks, and Unilever plugs acquisitions like T2 into core commerce APIs to scale stores from 40 to 500. Claims MuleSoft helps stitch 200 SaaS apps together against a roughly $400B annual systems-integration market, enabling faster experiments and lower change costs.
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chapters (11)
- 0:00Introduction to API economy
- 1:06Internal API economy explained
- 2:31What is the API economy
- 3:12Real-world API economy examples
- 6:01Business model transformation
- 9:13Future tech and API integration
- 10:37Organizing for API success
- 12:47Corporate priorities and concerns
- 14:12C-level involvement in APIs
- 15:16Life as a public API company
- 16:42Growing a company with APIs
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