API EConomy

What is API Economy and why should you know about it?

What is API Economy?

API Economy has changed the way we think about and do business. Osaango educates and consults organizations and ecosystems in making the most out of their APIs and the API Economy. To learn the basics of what API Economy is, you can take our FREE online course "Introduction to API Economy" or read the book "API Economy 101".

"In API Economy company utilizes resources efficiently and quickly to create added value for own customers. These resources can be for example data or function provided by other organizations.

Building blocks utilized are own APIs and open APIs provided by other organizations (free or commercial) in addition to developer communities. These enable quicker adaptability to unpredictable and faster changing customer needs.

Defining characteristics of API Economy are competing for popularity among application developers and considering them as primary customers. In brief, services are offered from businesses to developers (Business-to-Developers, B2D)."

Moilanen J., Niinioja M., Seppänen M. & Honkanen M. 2019. API Economy 101. Books on Demand

Introduction to
API Economy -course

This course is meant for people who had not encountered API Economy as a business model before, even if they had some knowledge of APIs as technology. The course is free, and you can study at your own pace. The course is created in co-operation with Tampere University, and KONE has made it possible to offer the course in German and Chinese alongside the English one.

Start learningBeginne zu lernen开始学习

Globally recognized API management knowledge

Osaango has been selected as one of the top 20 API management service providers in the world.

Osaango's founder Marjukka Niinioja has co-authored the research-based API Economy 101 book and is the "mother" of the APIOps Cycles -method. This openly licensed API development methodcurrently used around the world by companies and public-sector.

API Economy 101 - book (2019) introduces you to API Economy through research and real-world examples.  The book is available both as e-book and paperback on Amazon, Google and your local bookstore. You can also order it from our own shop!

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Related Posts

Learn more about API economy from our latest posts.

Get to know our courses!

While many wait for the new year to start to pursue their goals, we have taken a head-start! From the wide range of courses available in Osaango Academy, we have picked a few that we would like to introduce you to. Whether you are a beginner or an experienced professional, you will find suitable courses in our selection.

December 15, 2020
Why API needs a value proposition?

Productizing an API leads to many interesting questions: But why does it exist? What do our customers use it for? What should we add to it? Is it really valuable for us and the customers or partners?

October 6, 2020
What is an API and why does it matter for business?

In API Economy company utilizes resources efficiently and quickly to create added value for own customers. These resources can be for example data or function provided by other organizations

August 30, 2020
7 realizations to expect reading API Economy 101

Business models are constantly changing and APIs (Application Programming Interfaces) are a part of that change. "How so?" you may ask. To answer this, it's essential to first understand what an API actually is and how it relates to apps and the platform economy. API Economy 101 answers these questions and helps you see how your company can also leverage the API Economy. Written by four API Economy professionals, the API Economy 101 book will make you look at your business model from a new perspective. Below, we have listed seven realizations you can expect to have after reading the book. Don't say we didn't warn you!

August 8, 2019
A peek into the API Economy 101 book

The first chapter of the API Economy 101 book is available for everyone to read. The first chapter explains why business models are in transition and what is causing the change. We’ll use examples to shed some light on how Application Programming Interfaces, or a lack of them, influence business models. In addition, we justify why interfaces[i] should also be on the agendas of businesses' decision-makers, not just on the IT departments’.

July 15, 2019
What is an API? A product, service, integration, or something else?

API can be any one of these things: Important feature of a tangible product, productized service, part of a digital or real-world service, customer-specific service, interface to resources, interface to platform (boundary resource), part of an integration. Did we forget something?

July 11, 2018
Why should you productize your APIs?

What are the benefits of productizing your APIs? Read more here!

June 16, 2021
What makes a good API product manager?

The two API gurus Marjukka Niinioja and Claire Barrett discuss the role and expectations of an API product manager and share their knowledge on how to successfully manage API products.

June 14, 2021
Successful ecosystems were built on Platform Economy 2.0 Day

Platform Economy 2.0 on 18 September 2019 in Helsinki brought together 200 networkers to discuss and build tomorrow's successful ecosystems. The organizer of the event, Business Finland, is a member of COSS (Center for Open Source Systems) and COSS was strongly involved in the event.

September 25, 2020
Customer experience and customer journey for developers

What are their expectations of how the APIs work? How they get access to the API? Should they pay for the API or get it for free, at least for trying out? What kind of examples, documentation, layout, and content they expect and what are the channels where they expect to find your API?

July 20, 2020
API Monetization - an exploratory study

I had the pleasure of recording a presentation for APIdays Helsinki 2020, June edition, with professor Marko Seppänen from Tampere University, who is one of the co-authors of API Economy 101. In his recent study with Saeid Heshmatisafa, he studies the top 100 Finnish companies an 126 other Finnish organizations. Surprisingly, they found that already 34% of companies had an Open API, meaning a public or a partner API matching the definition we used in the API Economy 101 book. In the presentation, Marko Seppänen goes through the research findings, mostly concentrating on the revenue models and other possibilities to monetize with the API.

May 28, 2020
Next career move with Introduction to API Economy - course?

Learn in a few hours what API economy is! Join the free academic online course by Osaango and Tampere University now.

April 5, 2020
Unlearning the API Economy

"APIs are just a technical implementation detail" - or are they? See what some of our students say after starting their Introduction to API economy studies!

March 15, 2020
What is an open API?

The definition of an open API is not easy to create, let alone to update. In Finland, we have a thing called "sisu" - the spirit that drives us through rock. So this spring we collected the API and open source and open data folks and started the work.

January 6, 2020
5 things you need to fix in your API documentation

Developer Experience is not just User Experience, it’s also Customer Experience, again for that specific segment.

September 7, 2019
Authors behind API Economy 101

When four Finnish API Economy professionals decided to write a book about the basics of API Economy, a Finnish bestseller was born. The book is written from a business point of view with developers being the primary customers. All four authors have different backgrounds and expertise, which provides a versatile, yet easily understandable learning experience. Due to the overwhelmingly encouraging feedback, the book was also translated into English and carries the name "API Economy 101". But who are the authors behind the book? Let's get to know them!

June 16, 2019
Did they get it right at Finavia API with 3 Scale?

One of the big launches in the Finnish API scene this autumn has been Finavia API. It offers an API for requesting Departures, Arrivals and Queue sizes from airports but how good is the developer experience?

May 5, 2019
Do we need API management?

Many organizations don't know or think they need API management. Even more don't know which technology to choose. This 15 question survey helps you out.

December 20, 2018
Why should you categorize your APIs?

API category cheat sheet helps you pick the right audience, business model and security for your API

November 20, 2018
How to get more API users?

Practical examples on how to get more customers and developers to find and use your API and convert into paying customers.

November 5, 2018