#22 Why data economy requires standardization?

We all are aware of the significant role of APIs in modern business and IT architecture. APIs changed the way systems are built, enabled flexibility and agility to match customer and business needs faster than before. APIs have been around in the current function for around 2 decades but the turning point in the growth of the API economy occurred around 2011. During 2016 the estimate of the growth was shown in multiple graphs by Gartner and alike.