Enlightened businesses are recognizing a new channel to market through APIs. Just as the internet expanded the reach of businesses through a new channel beyond their physical location, APIs are allowing businesses to expand beyond their enterprise boundaries to drive revenue through new business models.
The API Economy allows access to business assets through a simple to use API (Application Programming Interface). This enables new and innovative usage of the assets, with the potential to drive additional revenue. This is referred to as API Monetization.
In this paper we focus on the business models for API Monetization including:
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