We nurture lasting relationships, enabling stronger teams, bold and intelligent decisions, better products and services.
For over 25 years, Torry Harris' focus on integration solutions has fostered seamless digital connectivity, enabling better and faster commerce for businesses through platform business models.
From innovation hubs to delivery centers, we bring the right people, skills, and technology together to support your digital transformation journey.
Our relentless focus on excellence has earned us prestigious awards and recognition across various domains. Learn about our achievements.
From enhancing customer experiences to optimizing complex integrations, we’re proud to be a trusted partner in helping organizations achieve their strategic goals. Explore our client transformation stories.
Our WeCare initiative is more than just a program-it’s a promise to uplift and empower individuals who are often overlooked, helping them find a sense of purpose, self-worth, and economic independence. Whether through training, collaboration with social enterprises, or providing direct support, we work to ensure that dignity is restored and futures are reclaimed, one project at a time.
We believe that the right partnerships can make all the difference. Our strong partnerships enable us to deliver on our promise of high performance, flexibility, and competitive pricing, ensuring that our customers achieve their strategic objectives with confidence.
Our summary decks bring together years of collective experience and industry knowledge, offering actionable industry insights. Condensed for quick consumption, these resources are packed with strategic insights, case studies, and methodologies that can help you adapt and excel.
Cloud & Automation: Changing CSPs’ OpEx outlook
Businesses across industries are looking at ways to extend and enhance their digital business and service offerings with the help of external APIs. However, for better revenues and digital collaborations, businesses must make the most of their API Marketplaces or in more technical terms the "developer portal", as part of their API management lifecycle.
A well-managed, robust API marketplace is a competitive advantage for enterprises to market their APIs. In this post, you will find three areas that will need your attention when building an API-driven digital ecosystem.
It is the process by which a business can generate revenue by selling their APIs (Application Programming Interfaces). APIs are to be visualized as sellable products. Having well-established, marketable APIs help other developers to access and integrate your data and resources for their specific applications.
Most businesses are excited about monetizing their APIs. A word of caution here is to consider this monetization aspect in the context of your overall business objectives and your digital imperative.
Simply put, APIs reflect the value of your business. Hence, the pricing strategy should be indicative of your overall business strategy. Consider where your APIs fit into the overall market, to identify the right pricing strategies.
Figure out whether you are using the APIs to generate awareness and increase user adoption, or if you are focused on boosting revenues. Depending on your goals, you can work out your enterprise API strategy, thereby helping to figure out the ideal pricing strategies.
Most companies use a mixture of different pricing strategies like:
Other pricing models include open-share, cost-savings, etc. Before you publish an API, you need to consider the pricing strategy you want to adopt.
Generally, most businesses first publish APIs, then catalog and display these APIs using a developer portal. By doing so, the publisher of APIs can provide access to developers to explore the portal to find and discover appropriate APIs. The portal contains several APIs, and developers can filter APIs based on their type, category, and division.
An API management system is the foundation for a Digital Marketplace and consists of the following components:
Successfully building and implementing monetizable APIs, requires a strategic approach. It needs all the above components in place, along with the right organizational practices to make it a functional and profitable initiative.
Once you have figured out the basics of API management, you need to start growing your digital ecosystem. Having a robust marketing plan around your revenue-generating APIs is a must-have to bring awareness and increase usage.
API analytics help you identify the best performers, find out how partners and customers are interacting with your APIs. Use it extensively to gain insights so you can Upsell and cross-sell the right products at the right time.
By deliberating on the three key areas listed here, you can start building an effective digital strategy which drives expansion, creates new business opportunities, and helps you increase revenues.
Categories : API Management , Open Banking
Previous Post
Next Post
APIs have gone beyond technical development opportunities and are now bringing strategic value to businesses. They are opening new revenue lines. Whether it is the Printicular app from MEA labs that leveraged Walgreens’ photo printing and pharmacies through an API or APIs provided by Salesforce.com, Expedia, Zapier, and Google, revenues have skyrocketed.
In an era of increased globalization, businesses are actively seeking opportunities beyond their local markets to access a diverse global talent pool.
In 2008, a significant outage in its data center prevented Netflix from sending DVDs to its customers for three days which prompted the company to rethink its IT architecture.
The report evaluates global service providers based on their expertise in strategic advisory, digital transformation, AI-driven frameworks, and operational excellence.
We are proud to be recognized as a Seasoned Vendor in the Global Capability Center (GCC) ecosystem by AIM Research.
(THIS) has been cited among notable vendors by Forrester Research in its report ‘The API Management Software Landscape, Q1 2024’. The report recognizes Torry Harris as a provider offering API management solutions with a geographic focus in the EMEA & APAC regions.