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Collaborator in the Digital Transformation Era: Open API


In today's era of digital transformation, companies believe that quick adaptation through ecosystem building and expansion is more important than ever.

In the early stages of software development, this was seen as an internal technology strategy where companies developed and shared within their own walls. 

However, recently, companies have started sharing software and other resources within their ecosystem and making information available for other companies to utilize.

A prime example of this is Open API (Application Programming Interface)!

By opening up data or core software developed by a company for use by other companies or individuals, they aim to expand and lead their ecosystem.

Shall we take a closer look at what Open API is and how it’s being utilized?



What is an API?

An API (Application Programming Interface) defines the rules that must be followed to communicate with other software systems.

Developers create or expose APIs so that other applications can programmatically communicate with their application.

APIs act as intermediaries that allow specific functions or data to be called by other applications.

To put it simply, it can be thought of as an intermediary switchboard.

For instance, Program A requests specific data from the API, and the API then requests the needed data from Program B and delivers it back to Program A.

  • The client is the user trying to access information on the web. The client can be a person using the API or a software system. For example, a developer might write a program that accesses weather data from a weather system, or a user might directly access the same data via a browser when visiting a weather website.



Reasons for Providing Open API

  • By sharing rather than monopolizing information, companies can expand the scope of their services by making their data and functionalities available externally.

  • It facilitates data exchange and interaction across various platforms, leading to value creation through the development of new services.

  • Companies offer Open APIs to lead their ecosystem by allowing other companies or individuals to utilize their developed data or core software.


What is REST?

REST stands for Representational State Transfer, and simply put, it refers to the rules for exchanging data over the web.

For example, when you enter a website address into your web browser, the browser requests the server of that website to display the page. If this request and response process follows REST rules, the API that handles this request is called a REST API.

In short, a REST API acts as an "interpreter" that helps computers or programs exchange information over the internet.

REST was initially created as a guideline for managing communication in complex networks like the internet.

Using REST-based architecture allows for stable support of large-scale, high-performance communication, and it is easy to implement and modify, making it possible to understand all API systems and use them across multiple platforms.

 


The Relationship Between Open API and REST API

While Open API refers to any kind of publicly available API, REST API specifically refers to a type of API based on web standards.

A REST API can be an Open API, but not all Open APIs are REST APIs.



Applications of Open API Across Various Fields

  • Social Media APIs: APIs provided by social media platforms like Facebook and Twitter allow the integration of social media functionalities into other applications.

  • Mapping and Location Data APIs: Services like Google Maps and OpenStreetMap provide APIs that offer map data and location-based services.

  • Payment System APIs: Payment services like PayPal and Stripe provide APIs that enable easy integration of online payment functionalities.



Advantages of Utilizing Open API

  • Data can be effectively used without the cost of data collection or development.
  • It reduces the time required for data collection and development.
  • Developers can access high-quality data for free, as companies or governments provide it to support the development of beneficial services.
  • Through Open APIs, companies can expose their data and functionalities externally, expanding their service scope and fostering ecosystem activation.




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MarkAny Co., Ltd. ใ…ฃ 13th Floor, Ssangrim Building, 286 Toegye-ro, Jung-gu, Seoul, South Korea ใ…ฃ (+82) 02-2262-5222 ใ…ฃ contact@markany.com ใ…ฃ 
Business Registration Number : 101-81-47345 

Copyright © 2023. MarkAny. All Rights Reserved.