Api Economy Quotes

five main reasons why enterprises should embrace web APIs and become an active participant in the API economy: Grow your customer base by attracting customers to your products and services through API ecosystems.

Under Grossman’s Regulation 2.0 scheme, government regulatory agencies would operate quite differently from the way they do today. Rather than establishing rules of market access, their primary job would be to establish and enforce requirements for after-the-fact transparency. Grossman imagines a city government responding to the arrival of Uber by passing an ordinance that states: “Anyone offering for-hire vehicle services may opt out of existing regulations as long as they implement mobile dispatch, e-hailing, and e-payments, 360-degree peer-review of drivers and passengers, and provide an open data API for public auditing of system performance with regards to equity, access, performance, and safety.”54

Having studied both the possible risks and the likely rewards, the Guardian’s managers decided both to “open in” the website, by bringing in more data and applications from the outside, and to “open out” the site, by enabling partners to create products using Guardian content and services on other digital platforms. To work toward the “open out” goal, the Guardian created a set of APIs that made its content easily available to external parties. These interfaces include three different levels of access. The lowest access tier, which the paper calls Keyless, allows anyone to use Guardian headlines, metadata, and information architecture (that is, the software and design elements that structure Guardian data and make it easier to access, analyze, and use) without requesting permission and without any requirement to share revenues that might be generated. The second access tier, Approved, allows registered developers to reprint entire Guardian articles, with certain time and usage restrictions. Advertising revenues are shared between the newspaper and the developers. The third and highest access tier, Bespoke, is a customized support package that provides unlimited use of Guardian content—for a fee.

Cloud computing and computer services platform Salesforce generates 50 percent of its revenues through APIs, while for travel platform Expedia, the figure is 90 percent.

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Should my Modern Turing Test for the twenty-first century be met, the implications for the global economy are profound. Many of the ingredients are in place. Image generation is well advanced, and the ability to write and work with the kinds of APIs that banks and websites and manufacturers would demand is in process. That an AI can write messages or run marketing campaigns, all activities that happen within the confines of a browser, seems pretty clear. Already the most sophisticated services can do elements of this. Think of them as proto–to-do lists that do themselves, enabling the automation of a wide range of tasks. We’ll come to robots later, but the truth is that for a vast range of tasks in the world economy today all you need is access to a computer; most of global GDP is mediated in some way through screen-based interfaces amenable to an AI. The challenge is in advancing what AI developers call hierarchical planning, stitching multiple goals and subgoals and capabilities into a seamless process toward a singular end. Once this is achieved, it adds up to a highly capable AI, plugged into a business or organization and all its local history and needs, that can lobby, sell, manufacture, hire, plan—everything a company can do, only with a small team of human AI managers who oversee, double-check, implement, and co-CEO with the AI.

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