What Is Digital Transformation?

A key outcome of Digital transformation is in the creation of new business models and meaningful partner and customer ecosystems that allow a business to evolve with the times. Instead of trying to compete by bettering your existing products and services, digital transformation is about disrupting the norm and offering new services and products that transform your business.

Digital transformation is becoming a crucial boardroom discussion, with a recent IDC study proving that two thirds of CEOs place digital transformation at the heart of their business strategies. The process of digital transformation aims to automate, simplify and integrate systems in order to increase profits and streamline business through expanding ecosystems.

How does API management accelerate the creation of digital business ecosystems?

API Management is essential to digital transformation and is integral to providing seamless connections between digital assets. Whilst traditionally APIs have been thought of as functional assets that provide an easy interface for developers, they are now coming into their own as tools that can create new, innovative digital ecosystems.

When APIs are managed well, as products, they become tools to propel your business forward as they facilitate easy communication within and outside the business. Having mature, marketable APIs help other developers and partner businesses to access and integrate your data and resources for their specific applications thereby creating and expanding your digital business ecosystem. As APIs minimize barriers to change, they allow quicker product innovation and overall progress.

DigitMarketTM - a market leading product to accelerate Digital Transformation

In order to use your APIs effectively for transformation, your business may need products and services that help you create, manage and monetize them successfully. DigitMarketTM is a leading tool for simplifying the creation of digital ecosystems. Take a look at what you can expect from it below:

One platform that lets you optimize, monetize and accelerate your digital transformation initiative
Highly modular, out-of-the-box API Management capability with an integrated Marketplace to rapidly kick-start your marketplace business
Ability to use the Marketplace component with other industry-leading API Management products such as APIgee, WSO2, MuleSoft, CA Technologies etc.
Digit-IT services to assist you with securing the value of APIs
Fast-tracks the creation of digital ecosystems

Why Is An integrated Marketplace and API Management Solution Like This Effective?

Common business challenges can slow down your enterprise digital transformation initiatives. As a result, the focus gets diverted from realizing your digital objectives to addressing these challenges. To name a few:

Often, business leaders and people on the ground struggle to strategize and realize value from their digital transformation initiatives. Clear business objectives every step of the way, is the need of the hour
Publishing and managing APIs can require different platforms, unless these needs are evaluated upfront
 
Scalability can hold businesses back, with delays in developing, testing and exposing APIs

A solution such as DigitMarketTM is effective as it helps address these challenges. It has frameworks to help you strategize. It provides aids for clear thinking when setting your objectives for the digital initiative you plan. It caters to the needs of multiple stakeholders involved in the API Management Lifecycle - be it engaging with your community of users on a forum, promoting and rewarding the usage of APIs to advocating best practices. It is a highly modular, cost-effective Marketplace product which you can seamlessly use in a plug-and-play model with other products you may have invested in.

Related Posts

...
What it means to drive continuous transformation

Data analytics and customer research, personalization, multichannel presence, and intelligent outsourcing can make a world of a difference in the way you are perceived by your customers. When done well, this results in generating customer loyalty and translates to revenues.

...
Building resilience: Mitigating risks in transformation

Transformations aren’t easy, they don’t happen overnight and without governance and reporting measures, there is a strong possibility of failure to change and a loss of credibility for the teams involved.

...
Transformation is a Constant State

Transformation is commonly likened to a metamorphosis where, in early stages, the caterpillar starts small and inexperienced. Focused on growth and survival, the caterpillar goes on to adapt, transform and emerges as a butterfly - an irreversible phenomenon.

Whitepaper

Whitepaper - Migrating to a hybrid integration platform (HIP) makes your cloud journey easy
Digital transformations tend to focus on the desired high-level benefits such as greater efficiency and profitability, more operational and business agility, and better customer experience.
Whitepaper - Why Governance is the key to ROI in Digital Transformation
It turns out that a major common contributor of almost all transformation flops is poor governance. Digital transformation involves every aspect of an organization and everyone in it. Structured governance is essential to ensure that everyone takes the same approach to common goals, in a coordinated, timely way.
Whitepaper - 7 Steps to Successful RPA Implementation
Intelligent Automation is boosted by the growing demand to digitize and automate business processes at a time when the Covid-19 pandemic requires rapid workplace transformation.

Analyst Speak

...
THIS recognized as a notable vendor by Forrester in its 2024 report on the API Management Software Landscape.

(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.

...
Forrester cites Torry Harris- Vendor analysis for application modernization and migration services

Forrester observes that the initial rush to “lift and shift” to the cloud has now been replaced by a focus on modernization and digital transformation. Cloud migration is the first step in a long journey to take advantage of the latest cloud-native technologies and services.

...
Torry Harris is a Strong Performer in The Forrester Wave™ for API management solutions

Torry Harris is a 'Strong Performer' in The Q3 2022 Forrester Wave™ for API Management Solutions. This report shows how each provider measures up and helps technology architecture and delivery (TAD) professionals select the right one for their needs.

Past Webinars

On-demand webinar
Empowering your SME customers for the new DIGITAL normal: role of APIs and Microservices in the current climate
SMEs in particular, hard hit by physical constraints, acutely need to be digitally connected and empowered towards identifying sales and service opportunities.
On-demand webinar
Microservices Governance: Best practices for CSPs
A well-thought-out governance approach can help offset the costs of implementing Microservices and deliver higher benefits from your investments.
On-demand webinar
Practical use-cases to monetise Open Banking APIs
In this webinar, Thomas Zink – IDC research director for European financial services talked about the revenue potential of API enabled use-cases and how to overcome barriers to adoption.