Cognitive Computing Authors: Yeshim Deniz, Elizabeth White, Zakia Bouachraoui, Liz McMillan, Pat Romanski

Blog Feed Post

Thoughts on the "Apps Economy", "Open Data" and the Value of APIs

To quote my friend Stevie Chambers (@stevie_chambers), "I feel like a new room has opened in my memory palace."

That was exactly how I felt after finishing my recent The Cloudcast (.net) podcast with Sam Ramji (@sramji) and Christian Reilly (@reillyusa), where we discussed the role of APIs in the economy of mobile devices and "open data". I had heard that Sam was brilliant , but hearing someone articulate both the business and technology value of APIs the way Sam did was a lot like listening to Chris Collinsworth explain line-play during an NFL football broadcast. You think you have some idea how things work and then they show you the "behind the QB angle" and you realize that a new door of complexity has been opened up to you. All I can say is wow!! There is an incredible underground economic environment living behind the mobile devices and apps that have become such a critical aspect of everyone's life.

I'd encourage everyone to take 45 minutes and listen to the podcast - not for selfish reasons (we make $0 from the show) - but for pure education purposes. It'll open your eyes to the incredible power of the "apps ecomony" + "open data". I've gone back and listened to it 3 times now and am learning little nuanced things each time.

Here's some of the highlights and key points I took away from the discussion, as well as some areas I now want to go explore.
  1. The movement from a link economy to an "app economy" that is driven by "open data". There are lots of ways to look at it, but it ties very closely to Dave McCroy's concept of "Data Gravity" and the blog I had last week about Planet Data. The linkages and networks are still incredibly important, but the information behind them is driving a ton of new business opportunities.
  2. "Open Data" might be the black mamba companion to the "Big Data" movement, where unlocking data is potentially creating more (or faster) near-term value for more companies than the PhD-laden data scientist path.   
  3. Mobile environments like iOS and Android are allowing us to create a business experience where the critical asset is the API; where there can be 100s of Apps accessing the same data (or "throw away apps") and we move from building silo'd applications to managing platforms (data + APIs). 
  4. If done correctly, a proper API + Data platform strategy implicitly links the business process to the technology.
  5. If your business manages many partnerships that change throughout the year (or year to year), it will be critical to understand an API strategy to allow that model to become efficient. 
  6. We'll begin to see more and more companies unlock their previously "closely guarded" data in ways that allow them to enter new markets, or expand existing markets. "An API request for your data will become the new, real-time market research".
  7. "Open Data" is not only about using open-standard (and open-source implementation) protocols, but also about rethinking how a company values their data and the potential that comes with opening it up to new markets or new partners.
  8. The 2nd-generation companies building the framework for the open data economy are still in early stages (Apigee, Mashery, Programmable Web, InfoChimps, etc). Google being the poster-child for the 1st generation companies.
  9. We may hear of business managers in the near future bragging to their colleagues that they made their quarter because of their investments in an API strategy.
To say that I'm excited about exploring this new economic space is an understatement. I'd love to hear others thoughts about this space, or good resources you've found to better understand the markets.

Read the original blog entry...

More Stories By Brian Gracely

A 20 year technology veteran, Brian Gracely is VP of product management at Virtustream. He holds a CCIE #3077 and an MBA from Wake Forest University.

Throughout his career Brian has led Cisco, NetApp, EMC and Virtustream into emerging markets and through technology transitions. An active participant in the virtualization and cloud computing communities, his industry viewpoints and writing can also be found on Twitter @bgracely, on his blog Clouds of Change and his podcast The Cloudcast (.net). He is a VMware vExpert and was named a "Top 100" Cloud Computing blogger by Cloud Computing Journal.

IoT & Smart Cities Stories
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
SYS-CON Events announced today that IoT Global Network has been named “Media Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. The IoT Global Network is a platform where you can connect with industry experts and network across the IoT community to build the successful IoT business of the future.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear these words all day every day... lofty goals but how do we make it real? Add to that, that simply put, people don't like change. But what if we could implement and utilize these enterprise tools in a fast and "Non-Disruptive" way, enabling us to glean insights about our business, identify and reduce exposure, risk and liability, and secure business continuity?