The adoption of APIs in Australia continues at
pace with half of businesses having an API strategy already in place, according
to a survey. Another third (32 per cent) will implement one this year.
A third of Australian IT chiefs, questioned in a
Mulesoft commissioned survey published today, said API related activity had
generated up to $6.5m in revenue for their companies. Ten per cent said it had
pulled in up to $13m.
APIs have been embraced by Australian
organisations of all sizes in
recent years from start-ups developing new platform
or mobile businesses to more established companies using APIs to leverage core
business data and capabilities. Others are adopting hybrid cloud models for
The likes of Sydney start-up Airtasker – now
in a phase of hypergrowth – added messaging and call functionality to its platform
with the help of Twilio
December, Qantas made its homegrown API gateway
and management platform live. It is now considering whether to open up its
APIs beyond internal developers and partners.
Telstra gave its software teams a
mandate to take an API-first approach to development whenever possible, after
launching its first public API in 2015.
The majority (69 per cent) of the 101 Australian survey respondents
said the integration of new software with existing, legacy systems was the main
driver for their API strategy. A desire for business teams to self-serve IT and
enabling innovation, were the next most common motives (47 and 41 per cent
Nearly all (94 per cent) of the Australian tech leaders
surveyed reported that their API strategy gave them the ability to release new
products and services faster.
On top, down under
Australia is significantly ahead of the global average when
it comes to API adoption, according to the survey. While an average 22 per cent
of those surveyed globally say they generate more than half of their company’s
total revenue through APIs and activities directly related to API
implementation, that figure rose to 28 per cent in Australia.
Nearly three quarters (71 per cent) of Australian respondents
whose companies had adopted an API strategy had seen an increase in
productivity, compared to 64 per cent globally.
Of those organisations without a dedicated strategy,
44 per cent blamed a misalignment between IT and the wider business who “didn’t
understand the impact” of APIs.