For more information on this research and how you can leverage APIs to compete in the app economy, download the research report "APIs and the Digital Enterprise" at rewrite.ca.com. Nonetheless, for those who get it right, API programs are paying off handsomely 82% have been able to deliver new/better customer experiences 78% have experienced faster delivery of revenue-enhancing apps/applications 81% have been able to lower IT-related costs and risks 79% have been able to expand their digital reach 77% have been able to monetize their data But many companies stumble in building the business case to decision makers. Only: 25% have been able to educate senior budget holder and secure funds 40% have been able to define the value of APIs in business terms This is not the only area where companies are falling down. The vast majority in Singapore agree on the most important strategies needed for success with APIs, but only a minority are implementing them. Why? The major drivers of API programs are business, not technical. THE PERCENTAGE OF SINGAPORE ORGANIZATIONS USING OR PLANNING TO USE APIs TO: 87% DELIVER NEW AND BETTER CUSTOMER EXPERIENCES 87% SPEED DELIVERY OF REVENUE ENHANCING APPS 87% EXPLORE NEW BUSINESS MODELS 87% LOWER IT-RELATED COSTS AND RISKS 87% LEVERAGE THIRD-PARTY DEVELOPER INNOVATION According to a recent survey of IT and business leaders, sponsored by CA Technologies and conducted by Freeform Dynamics, the majority of organizations in Singapore are leveraging APIs % MOBILE APP DEVELOPMENT % WEB-BASED APP DEVELOPMENT % OPENING ACCESS TO OUTSIDE DEVELOPERS THE MOST SUCCESSFUL DIGITAL BUSINESSES ARE 2-3X MORE LIKELY THAN OTHERS TO LEVERAGE APIs BOTH INTERNALLY AND EXTERNALLY. Building the App Economy with APIs APIs HAVE BECOME ESSENTIAL BUILDING BLOCKS FOR SUCCESS IN THE APP ECONOMY PUTTING THE RIGHT INFRASTRUCTURE AND TOOLS IN PLACE 88% AGREE ONLY 34% IMPLEMENTED FINDING THE RIGHT SUPPLIERS TO PROVIDE SKILLS AND ADVICE 90% AGREE ONLY 25% IMPLEMENTED DEFINING A DEVELOPER COMMUNITY SUPPORT PROGRAM 84% AGREE ONLY 40% IMPLEMENTED DEALING WITH SECURITY AND COMPLIANCE CHALLENGES 86% AGREE ONLY 37% IMPLEMENTED ACQUIRING THE NECESSARY SKILLS WITHIN IT 88% AGREE ONLY 40% IMPLEMENTED RECRUITING A CRITICAL MASS OF DEVELOPERS INTO YOUR API PROGRAM 84% AGREE ONLY 25% IMPLEMENTED SINGAPORE