In the center of consumers, organizations and applications are crucial, valuable data that is expected to be fresh, relevant, and delivered at lightning-fast speeds.
Real-time data
Consumers expect to have up to the millisecond data delivered to their smartphones whenever their coffee order is ready, a package is delivered, or their ride to work is arriving outside.
An online clothing business will rely on real-time data to know when a customer has placed an order, what inventory is available to fulfill orders, or when a new shipment will arrive from their supplier. A stock brokerage will use real-time, streaming market data to make informed decisions on when to buy or sell shares. This real-time data is delivered through streaming APIs or event-driven architecture.
Event-driven architecture is an evolution
Event-driven architecture is the evolution beyond the traditional request/response architecture of REST APIs, it’s the production, detection, and consumption of, and reaction to events.
An event can be something as simple as a car’s status going from “for sale” to “sold.” Not all APIs are suited for the traditional request/response model that has long remained the status quo for API utilization, driving the demand for event-driven APIs.
The asynchronous nature of event-driven APIs offers many benefits, including the value of real-time integrations across applications and partner ecosystems, faster delivery of data enabling rapid, and informed decision-making. This eliminates the need for constant, frequent polling that can consume valuable resources and bandwidth.
Streaming APIs
Organizations that are newly adopting or experimenting with streaming APIs and EDA may be facing challenges around managing their events. Many may be realizing that management is disjointed, requiring multiple tools and manual coordination of processes.
Cataloging, securing, or providing access to events to users and applications, or monitoring usage is some of the challenges when newly adopting or experimenting with EDA.
Axway Amplify Streams
The good news is that Axway can help. With Amplify Streams, organizations can event-enable their enterprise with a robust and simple single pane of glass experience. Amplify Streams can be used in conjunction with the Axway API Management Platform to apply the APIM concepts of security, governance, and cataloging to events, allowing for easier adoption of EDA.
Moreover, those who are wary of ripping and replacing their current infrastructure of legacy, non-event APIs can leverage Amplify Streams to transform existing applications without the need to rip and replace.
Amplify Streams also decouples event producers and consumers, enabling an organization to move all or parts of its event architecture to the cloud, or multiple clouds. To learn more about Amplify Streams and its many benefits, download the brief here.
With that in mind, there is a high cost of inaction as those who are investing in EDA become disruptors and leaders in their respective industries.
Not only can a lack of event-driven APIs lose an organization their competitive edge, but they could also be missing out on the opportunity to save on transportation and logistics costs by not knowing when bad weather will occur.
Whether you are experimenting with open-source Apache Kafka, or are in production today with streaming APIs, Axway can help you realize the full value of your new and existing architecture with Amplify Streams.