Benefits of an API
If we can model our business through APIs, we can have some of the following benefits:
Since we provide business information to third parties who may find new business models that we are unaware of. Very useful to apply to innovation models.
If a business has its functionality exposed through APIs, we can consume them and finally automate day-to-day actions. This automation will result in cost reduction.
The information of an API can be external and internal. In the case that the information is internal, the departments of our company can share and reuse it between the areas. Avoiding duplicate information.