API
Top 13 Examples & 5 Use Cases of Governmental APIs in 2024
Governments have an enormous amount of valuable data such as college enrollment, consumer complaints, and demographic data. In many cases, they provide access to them using APIs. This information can be used by analysts and developers in different fields to gather and analyze information or develop their own custom APIs.
Top 3 Use Cases of AI API With Examples in 2024
Almost 70% of companies have reported an increase in their revenue after the adaptation of AI in 2020. Additionally, companies that use API have seen their share price increase by more than 12% relative to companies that don’t. Combining AI and API can unlock new potential for companies by simplifying the usage of AI models.
Top 6 API Use Cases in the Insurance Industry in 2024
Only 15% of customers are satisfied with the digital experience of their insurers. Insurance companies need to adopt new technologies, such as APIs, to accelerate their digital transformation and remain competitive. More than 40% of consumers indicate that they might change their insurance provider due to a lack of digital capabilities.
Top 4 Use Cases of API in the Energy Sector in 2024
The energy sector must adapt to new customer and stakeholder requirements. According to EY: Companies should opt for agile IT development to respond effectively to these challenges. API can be used for this purpose and increase the pace of digital transformation in the energy sector.
Top 4 API Use Cases & Examples in the Finance Sector in 2024
API has proven to be beneficial for companies as they : APIs are considered to be mission-critical by more than 90% of executives. However, the financial sector has been slow to adopt API as part of its digital transformation (see Figure 1).
Top 5 Use Cases of API in Retail With Examples in 2024
The increase in digitalization and abundance of data from sources such as IoT, sensors, and websites has provided a great potential to increase profit if used correctly (see Figure 1).
Supply Chain APIs vs. EDIs in 2024: Benefits & Downsides
Effective and timely communication is critical in the supply chain, where multiple stakeholders collaborate. APIs enable real-time communication between multiple parties, so it is not surprising that companies that have adopted APIs have seen their market capitalization grow by more than 12% compared to companies that have not adopted APIs.
Healthcare APIs in 2024: Top 7 Use Cases & Case Studies
Collecting and analyzing healthcare data is a complex task because APIs can facilitate the healthcare digital transformation and open new ways for using healthcare data, such as : In this article, we will explore healthcare API use cases and the challenges they face in the healthcare industry, alongside our recommendations for overcoming them.
Open Banking APIs in 2024: Definition, Benefits & Applications
Open APIs have enabled the creation of open banking. In May 2022, Open Banking Implementation Entity (OBIE) reported more than 1 billion successful API calls were made by account servicing payment service providers (ASPSP); this number was 410 million in May 2020. Open banking has provided considerable benefits to its users.
In-depth Guide to APIs in 2024: Types, Use Cases, & Life Cycle
97% of enterprise leaders indicate that APIs are mission-critical and it is estimated that 90% of developers use APIs. APIs can have important impacts on a business such as : Thus, APIs are an essential part of digital transformation of companies.