Across industries, open APIs’ simplification of how developers integrate new application components into existing architecture also aid collaboration between businesses and IT teams, allowing companies to remain competitive amid constantly changing digital markets were a single new app can transform an entire industry.

Open APIs in particular present unique business value as they are able to not only simplify as well as expand how businesses connect with partners, but also open up greater opportunities for monetising their data (such as in the case of Google Maps).

Hence, in this report, we examined the following, while looking at examples from Bank of China, AXA, SIA, Grab, Singtel and more

• What works
• What doesn’t
• What we need for wider adoption