The New API EconomyThose of us in the tech community who work with APIs talk a lot about the API economy. This refers to how the Internet is changing all industries on a global scale, and how APIs are a driving force behind this.
Behind the scenes, APIs are an integral part of:
- Social Networking and Media - APIs were the driving mechanism behind Twitter and Facebook's community and made YouTube a ubiquitous video presence across the Internet.
- Cloud Computing - Amazon Web Services (AWS) a leader in cloud computing started as ONLY an API.
These API-powered movements are significant in our everyday lives and how we conduct business. Even though the term API economy applies in these contexts, it rings even louder when it comes the actual financial markets.
- Real-Time Streaming data
- Historical Market Data
The power cloud computing, social networking, mobile phones combined with APIs are truly ushering in a new API driven economy.