Open APIs are playing an increasingly larger role in regards to accelerating the velocity of service providers' digital transformations.
APIs are being used by service providers, IT departments and other organizations to scale and deliver reusable assets, both internally and with other businesses.
APIs also create additional revenue opportunities. According to a recent study by MuleSoft, one third of the IT organizations with more than 100,000 employees expect to generate $10 million or more in revenue through APIs and activities directly related to API implementation.