Unlocking the ROI of API Platforms: What Success Actually Looks Like

A talk given by Budhaditya Bhattacharya from Tyk at the 2024 Platform Summit in Stockholm, Sweden.
By 2026, 80% of software engineering organizations are expected to have a platform engineering initiative, with APIs and API management platforms playing a key role in driving the platform engineering success. While this journey has already begun in several organisations, there are several questions that are being asked over and over again:
What does a good API platform actually look like?
Which KPIs should we pursue, and how would they translate into ROI?
How are more mature API platform teams achieving their objectives?
In this presentation, we will explore the answers to these questions through real-world case studies across industries. We will take a closer look at:
The key metrics and KPIs they set out to achieve
Challenges they faced
Strategies they implemented to overcome them
How you can apply these strategies to evolve your platform maturity
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