[[{"@context":"http:\/\/schema.org","@type":"Answer","name":"What is an API?","text":"API stands for Application Programming Interface. An API is essentially a set of rules and protocols that different software applications use to communicate with each other.","@id":"https:\/\/www.the-future-of-commerce.com\/2019\/07\/23\/the-api-economy\/#Answer"},{"@context":"http:\/\/schema.org","@type":"Answer","text":"The API Economy is an overarching business model where APIs serve as a primary medium to distribute products or services, create strategic partnerships, enable innovation, and open new pathways for value creation and revenue generation.  The \u201cAPI Economy\u201d is a term that encapsulates the economic impact of APIs in the contemporary digital world.","name":"What is an API Economy","@id":"https:\/\/www.the-future-of-commerce.com\/2019\/07\/23\/the-api-economy\/#Answer1"},{"@context":"http:\/\/schema.org","@type":"BlogPosting","dateModified":"2023-06-20T09:30:00Z","sameAs":"https:\/\/www.mulesoft.com\/resources\/api\/what-is-an-api-economy","image":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2019\/07\/thumbnail-74e43176f87276cee45a2261f4504f7f-1200x370.jpeg","about":["https:\/\/en.wikipedia.org\/wiki\/Web_API","https:\/\/en.wikipedia.org\/wiki\/API","https:\/\/www.the-future-of-commerce.com\/2019\/07\/23\/the-api-economy\/#About","http:\/\/www.wikidata.org\/entity\/Q165194"],"datePublished":"2019-07-23T07:00:00Z","name":"What is the API Economy and why it matters","headline":"What is the API Economy and why it matters","url":"https:\/\/www.the-future-of-commerce.com\/2019\/07\/23\/the-api-economy\/","description":"The sharing, access, and integration of core app competencies with business systems and processes is what we call the API Economy.","mainEntityOfPage":"https:\/\/www.the-future-of-commerce.com\/2019\/07\/23\/the-api-economy\/","author":{"@type":"Person","url":"https:\/\/www.the-future-of-commerce.com\/contributor\/uffe-jes-hansen\/","name":"Uffe Jes Hansen","description":"Uffe Jes Hansen is VP of sales in MEA for SAP Digital Interconnect, and brings with him over 13 years of experience in International sales to Mobile operators and Enterprises. 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