BBVA API Market
One of the great recent revolutions in technology is data management in the cloud. Not only for large volumes of information, what we know as Big Data, but also in relation to platforms or services for end users, such as a customer or a company’s employee. The result of this effort is embodied in hundreds of tools and features for managing information in the cloud: from office automation like Google Drive or Microsoft OneDrive to storage of personal images and videos through applications.
The greatest challenge for companies and developers is integrating their own system infrastructure with these cloud-based platforms or services, often with third-party providers, and improving the entire experience deriving from that strategic move. APIs are the real key in all this process. We have already mentioned two giants in the sector: Google and Microsoft. But there are many others, such as Amazon or Salesforce.
Sometimes the IT infrastructure of companies is made up of what is known as legacy systems, in other words, outdated services or platforms that are being used and cannot be replaced easily. In order to make this decision, development teams can follow several paths, to a great extent conditioned by the services or platforms they need to integrate into their own service infrastructure, usually linked to certain providers:
As a company’s services in the cloud grow and, therefore, it starts to feel the need to create a service provider network in the cloud, its need to ensure true operability grows exponentially. Otherwise, it can become too reliant on a single provider. As the different services cannot coexist, the most obvious technical solution is for a single provider to provide all the services. But this obviously has clear risks for the future of the company and for its own business.
Some market players have been making interesting moves for some time to force the entire set of cloud providers to accept a number of requirements that would ensure that the service models could always coexist and thus ensure interoperability. One example is the OpenStack Foundation, which is laying a firm foundation for using services in the private and public clouds with many providers on the market. The standardization work of the OpenStack Foundation goes in two directions:
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An API is a very useful mechanism that connects two pieces of software equipment to exchange messages or data in a standard format such as XML or JSON. Thus, it becomes an instrument that can be used to search for revenue, open the doors to talent or innovate and automate processes.
There are companies that collect and store bank data: information on accounts, transactions, credit-card operations, loans, investments... These companies' APIs give entities access to new markets and new customers.
