API Management Software Requirements Checklist
API Management Software Requirements Checklist
2019
Table of Contents
Platform ..................................................................................................................... 6
Gateway .................................................................................................................... 7
Integration ................................................................................................................. 8
Analytics ................................................................................................................... 9
Security ..................................................................................................................... 10
Monetization .............................................................................................................. 12
Conclusion ……………………………………………………………………….... 14
API Management Software Key Components
When looking for a new API management system, it’s important to
understand the benefits of each of the main components of API
software in order to prioritize your needs.
Another good example is travel websites, which use APIs to aggregate data from airlines.
Whatever the business, the need is the same — to share large amounts of data in a
secure and efficient manner.
But without tightly-led API management, APIs can cause more problems than they solve.
Poor management can lead to security breaches, unnecessary downtime and lost
opportunities for revenue.
So what exactly is API management, and how can businesses effectively implement it?
API management is the process of creating, publishing, maintaining and analyzing your
application program interfaces. That’s somewhat vague, but basically API management
ensures publishers have a high level of visibility into their APIs throughout the entire
lifecycle. This allows them to build communities between consumers, report on API
success, and secure the transfer of information by keeping a close eye on who has
access to what.
API management software makes all this possible in a single, centralized location and
often includes additional features to help you best serve your internal and external
consumers. To determine which features you should look for, it’s best practice to create a
list of API management software requirements.
Below, you’ll find a list of criteria to consider as you shop for your next system along with
an explanation of how each feature can benefit your organization.
General Architecture
General architecture refers to the attributes of the software that meet your technical and
operational requirements. You want to make sure the system supports the deployments
utilized by your team, whether that’s hybrid, SaaS or customer-managed. Possibly, you
need a solution that can integrate with microservice architectures. Whatever your needs
are, it’s important to focus closely on them to ensure you don’t choose a system that
ends up being incompatible with your current processes.
Platform
This grouping refers to the functions of the platform which can affect your existing
operations. For instance, you should ask a vendor how their solution handles patches
and updates, and how much downtime, if any, is required. On the same note, you could
ask if the vendor utilizes blue-green or canary deployments to reduce downtime. You
may also wish to investigate the tools used to design the APIs as well as document them
to make sure they support the approaches and workflows you prefer..
Gateway
Your API gateway is the programming that sends the client calls to the appropriate place
in order to fulfill the necessary service. API management software provides users with
tools that help manage the flow of these requests. For instance, many platforms have
measures in place to prevent traffic spikes. Part of this relies on defining quotas, which
limits the consumption of your APIs accordingly. This feature is also used when it comes
to monetizing your APIs, which we’ll discuss later on.
You may also need a solution that can handle multiple versions of an API and control
which consumers can access them. For instance, you might want your internal
consumers to have access to all versions, but give your external clients access to just
the latest version. If this level of access needs to change frequently, you should also
make sure your software provides an agile means of enabling and revoking access to
APIs.
Additionally, many systems provide messaging and notifications to help subscribers and
API developers communicate throughout the API lifecycle.
Integration
The software you choose may have an integration layer that works behind the API
gateway. This integration layer is where several functions take place, such as
transformations, schema validation, API virtualization and more. All these capabilities
help ensure that your APIs are uniform and consistent no matter how the original
backend systems were built.
Analytics
Analytics provide visibility into how your APIs are being used, allowing you to make
critical decisions to improve your business. Analytics are often available in real time, but
some systems only offer scheduled reports, so be sure to double-check with your vendor
what they offer. Reports may offer insight into things like traffic averages, top APIs,
errors and more, for both internal and external consumers.
Security
Securing your APIs is one of the most important components of API management. This
is especially true for organizations in healthcare, government, finances and other highly
regulated industries. Depending on the type of data your APIs transfer, you will have
different security needs in order to prevent a breach.
The list below includes many available protocols; however, your business may not need
all of them and may need protocols not listed.
Developer Portal
While you may be more interested in the development of your APIs, it’s important not to
forget about the user experience of consumer developers. Developer portals help
increase brand recognition while also saving your team time and resources when it
comes to things like onboarding. The better your documentation is, the easier it is for
consumers to use your APIs, which is why some vendors have started offering
interactive documentation. Through developer portals, consumers may also have
access to personalized metrics or a list of their subscribed APIs.
While these benefits may seem most obvious to those wanting to monetize their APIs,
it’s still valuable to create a seamless user experience for your internal clients too. It
may even be easier. For instance, when working with internal parties, you likely are
willing to share more data with them, which can enhance documentation, making it
simpler for your internal consumers to use your APIs.
Monetization
API management software plays two parts in monetizing your APIs. First, the software
supports the technical requirements of monetization. For instance, these types of
programs help publishers set up payment options for consumers, which dictate how
and when a consumer pays for API usage. This may depend on quotas or limits
dictated by the publisher. You might also wish to set up incentive programs, which pay
consumers a share of your API revenue in exchange for actions like embedding
advertisements in their websites and mobile apps.
The second way these systems enable monetization is by simply making sure your
APIs are always up and running so there’s never an interruption in service.
There’s also all the indirect ways in which API management software can help
monetize your APIs. Sometimes you might use your APIs to drive traffic to a particular
website or to create brand recognition, as we’ve mentioned above.
Evaluating Vendors
When shopping for a new solution, make sure to evaluate the software as well as the
vendor. Many companies look for vendors with a history of working with clients in the
same industry. You might also check for dedication to API management. Does the
vendor have a habit of retiring products after just a couple years, or are they committed
to maintaining and updating their system to stay on top of market trends? Do they have
a long history in APIs, or is this a new venture for the vendor? There’s no one “right”
answer to these questions — it all depends on your needs as an organization.
There are various markers of success and expertise, and the ones you value may be
different than what someone else values. Below are a few examples of what you can
keep an eye out for.