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API monetization is a great way to recoup your investment in your API programs. Without direct monetization, you’re dependent on other sources of capital to grow the program, such as other profit centers or venture capital.
If you’re not directly monetizing your APIs, you could be leaving money on the table. This can be especially true if you don’t have any limits in place and lean on the honor system.
Humans have been in the business of engineering since the beginning of our existence. Software engineering hasn’t been around for very long in this context; however, our collective learning about the process has increased exponentially nevertheless. The tools and technology behind everything from source code to computing machines have evolved rapidly. One static, fundamental principle will continue to shape the tech economy and how future businesses will run. This series discusses how the Modularity Principle will force all of us to find a specialty and perfect its network API.
All systems are simply a sum of their parts. When I see someone look at a monstrous problem and become flustered, they’re usually flustered because they don’t even know where to begin. Other times, they know where to start, but they balk at the amount of time they perceive it takes to solve the problem. This balking is a valid defense mechanism that prevents us from wasting our time on things that do not matter to us.
API ownership can be contentious given complexities regarding business context, accountability, shared systems, dependencies, and more.
As a guide for developing an ownership model that makes sense for your enterprise, it’s helpful to consider how the API will be used in a business context. This includes the degree to which the API is shared by multiple stakeholders across the organization, the proximity of the API to customer transactions and experiences, and the level of organizational support of DevOps cultural norms and processes inclusive of “You build it, you run it.”