Approach
Open Xchange Innovation (OXI) Framework for Next-Generation API Management
Open Xchange of innovative business models based on a robust and secure “vendor-independent API platform”. This is our aspiration.
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Overview
Our OXI Mechanism
APIIDA has condensed the experience from numerous API technology transformations and transferred it into a unique approach that enables our clients to build up their API strategy.
Step 1
Return-on-APIs (RoA) Analysis
Application Programming Interfaces (APIs) have emerged as a core element of the technological modernization process for many businesses, including most banks and insurers, as they provide the ability to connect systems and data. APIs play a critical role in making IT systems more responsive and adaptable. APIIDA has defined six main issues that companies are facing when it comes to their API strategy.
Step 2
API Maturity Model Benchmark
The APIIDA OXI model aims to increase the customer’s API maturity level. Business value increases as the maturity level increases, with API monetization starting at the highest maturity level. In addition to the location and target definition, the current mode of API management, the future mode of highly effective API management, and the transition mode of operation are of significant importance. The more precise understanding of the operation of the future mode is, the better and more effective the implementation will be.
The difference APIIDA makes here is that we focus on training and supporting our experts on the client side. Empowering people to support themselves is our guiding principle. The so-called Future Mode of Operation, also called Project Governance, is the essence of project and transformation experience from an enormous number of successful API projects in the environment of international corporate clients. It is an immensely pragmatic and proven approach that has been applied and improved together with leading IT organizations.
APIIDA uses the Center of Excellence model to ensure the best possible project outcome for our clients.
Step 3
Vendor-agnostic + Full-Lifecycle API Management Platform
The full API Management Lifecycle covers the entire lifecycle of an API, starting in the planning phase and ending with the decommissioning of an API. It provides a vendor-independent technology platform for digital strategy, ecosystem building, and operating an effective API program.
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Plan
There are several ways to market your API including, listing it in an API Marketplace. -
Monitor
API monitoring help you understand your digital business and catch abnormalities before they impact your business. -
Consume & Monetize
You can choose to offer your APIs for free, or when there is an opportunity for it, you can monetize your APIs and drive additional revenue for your business. -
Develop
When you offer your APIs for public or private consumption, onboarding is a significant component so that developers understand the basic capabilities. -
Discover
When you offer your APIs for public or private consumption, onboarding is an important component so developers understand the key capabilities. -
Manage
Once published, your developers need to manage and maintain APIs to make sure they’re up to date and the integrity of your APIs isn’t compromised. -
Secure
API security risks and concerns are a common problem today. -
Test & Publish
Before publishing, it’s crucial to complete API testing to ensure they meet performance, functionality, and security expectations. -
Create
Once you have a solid strategy and plan in place, it’s time to build your API.
Centrally manage all your APIs
Use a single management plane to govern and possess visibility into APIs, microservices, and events. Govern across the entire API management lifecycle; multiple API solutions, including Broadcom Layer7, Google Apigee, etc.
Configure API policies quickly
Choose from predefined policy filters to accelerate policy configuration for authentication, authorization, content filtering, signing, conversion, etc.
Boost Developer Productivity
Provide a frictionless onboarding and service discovery experience to drive API consumption. Ensure developers always have access to the most up-to-date documentation with automatic updates.
Improve visibility
Freely customizable dashboard, showing the status of Services and API Gateway instances. Create your personalized views choosing from a library of powerful component widgets.
Automation is key
Define migration pipelines and perform automated tasks before and after the migration (such as sending a webhook to a Testing tool). Integrate with your existing CI/CD tools (such as Jenkins).
Open up your APIs
The least risky move is to always design for openness and change and never assume that you can manage all APIs within the same gateway. Instead, embrace a multi-gateway world that fosters self-service and autonomy in teams.
Step 4
API Center of Enablement (CoE)
The implementation of value-adding APIs that also support the transformation to new business models according to our maturity model requires a holistic and interdisciplinary approach. Under our leadership, we are building an API Center of Enablement (CoE) with customers and technology partners to achieve the best possible added value.
As the CoE approach entails structural weaknesses, particularly in the area of internal customer communication, we are expanding the CoE to include another component, the Center for Enablement (C4E).
