Singapore is experiencing a maturity gap in Application Programming Interface (API) implementation, according to a newly released global study by CA Technologies.
Less than half (39 percent) of the organisations surveyed in the republic were advanced API management users.
The API adoption rate in Singapore is at 79 percent. However, it is still one of the lowest in the region, and below the Asia Pacific & Japan (APJ) region's average of 88 percent.
The Singapore firms surveyed saw big improvements in speed to market from their API efforts.
There was a 38 percent improvement in the time taken to develop, test and release new apps into the market after API implementation, the second highest in the region after India and well above the APJ average of 21 percent.
Organisations in Singapore are seeing tremendous payoffs in API usage, experiencing improved business results by 35 percent across quantitative key performance index (KPIs).
Most Singapore firms agree that APIs improve all areas of qualitative KPIs, with more than half of the respondents indicating improvements in digital reach (66 percent reporting improvement).
Other firms have experienced improvements in several crucial commercial categories such as customer experience (63 percent reporting improvement) and streamlined supply/demand chain (55 percent reporting improvement)
Organisations across the region, including Singapore, believe in the importance of APIs in the app economy.
Time to develop APIs (55 percent) and the ability to scale and manage performance (52 percent) were cited as major obstacles to the successful implementation of API programs, particularly in Singapore.
"Despite Singapore's advanced economy and tech-savvy business environment, it was surprising to find a maturity gap in API implementation amongst organizations here," said Nick Lim, vice president, ASEAN and Greater China, CA Technologies. "It clearly reflects the importance of investing in advanced capabilities throughout the full API lifecycle which can result in the greatest value and success."
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