The global economy is going digital, and companies that ignore this run the risk of being left behind in the dust. With that in mind, it’s no wonder that businesses worldwide are projected to invest over $1 trillion in digital transformation this year alone, a number that is predicted to double by 2025.
The trouble is that digital transformation isn’t just a one-and-done affair. It’s an ongoing process as companies race to keep up with the pace of evolving technology. At first, it was all about giving an online presence to traditional physical stores and offices. Nowadays, it’s about keeping one’s software up to date in order to stay competitive. This often involves integrating emerging technologies such as VR, blockchain, cloud-native architecture, etc., into company processes, ideally in an innovative or unique way. Consequently, businesses are under a lot of pressure to find talented software developers with the skills to make it happen.
Digitization has radically transformed significant industries such as music consumption (Spotify), hospitality (Airbnb), and transport (Uber), turning scrappy startups into tech titans along the way. Even if some particularly conservative or bureaucratic sectors, such as government and healthcare, lag behind, there is no industry that can afford to ignore it. And the key to successful transformation? Good software.
Towards a Software-First Perspective
Simply put, businesses need to invest in their software to stay competitive. It can no longer be considered an afterthought or a sideline to the main business. Software needs to be at the forefront of a company’s strategy.
Investing in Application Programming Interfaces (APIs) is just one smart way businesses can accelerate their digital transformation. APIs connect all the elements of a business’s software infrastructure, exchanging data between employees, partners, consumers, etc. They automate many important communications That used to be done manually, saving time and boosting efficiency.
Since APIs are so important to making a company’s IT systems work together smoothly, it is recommended that API architecture and design be a focus of any custom software development from the earliest phase. That way, efficiency will be baked into your new software from the beginning.
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