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By 2025 technical debt may consume 40% of operators’ IT budgets. Open API adoption could reverse this trend, helping CSPs innovate as platform providers.
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How to lead in the Open API economy
By now, the story of how Jeff Bezos used APIs to turn Amazon Web Services into a half-trillion dollar business seems trite, but there are still lessons to be learned, particularly in the telecommunications industry. As a whole, communications service providers (CSPs) have not yet figured out how to turn APIs into platform gold. Or perhaps it is more accurate to say they know how but are only beginning to execute on the plan.
Access the related webinar – How to lead in the Open API economy – which is available on-demand now.
They must move more quickly. As Stéphane Richard, Chairman and CEO of Orange, explained during his keynote address at TM Forum’s Digital Transformation World Series in October, the way telcos operate IT is too complex, rigid and costly. He believes that monolithic core IT systems and legacy processes and technologies are “a systemic part of the problem,” and he suggests that CSPs are not transforming fast enough.
“Progress in addressing these challenges is so slow that some studies predict that by 2025 technical debt will consume more than 40% of operators' current IT budgets,” Richard said.
This report assesses where we are on the path to the Open API economy, looking at the status of adoption, drivers, how CSPs are using the interfaces and which suppliers are supporting them. It also looks at challenges to using the Open APIs that will need to be overcome to advance them as the standard. Read it to understand:
