by Spencer Nguyen • September 7, 2022
Enterprise data is a valuable asset in today’s digital economy. As a result, companies are always looking to utilize data services to get more out of their valuable data. Two ways that companies can achieve this is through using APIs and data warehouses.
Did you know that the global data warehousing market size is projected to reach over $51 billion by 2028 or that the worldwide API management market size is expected to reach over $13 billion by 2027? These numbers show that companies around the world already know the value of investing in API and data warehouse technology, and soon you will too.
This article will serve as a professional guide to APIs and data warehouses, highlighting the various benefits that each can provide to a business operation. Read on to learn more about APIs, data warehouses, and their benefits!
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A data warehouse is a system that aggregates data from multiple data sources into a single and consistent data store. When data warehouses are utilized, data scientists and data engineers can provide businesses with key insights through BI tools like data mining, data visualization, data analysis, machine learning, and artificial intelligence or AI.
Essentially, a data warehouse enables a business to run analytics on huge volumes of raw data and data sets, both current and historical. In addition, data warehouses can provide businesses with key insights into their big data that standard databases, data lakes, and data storage systems simply can’t provide. Some of the most popular types of data warehouses are the cloud data warehouse, on-premises or license data warehouse software, and the data warehouse appliance, which is a pre-integrated bundle of hardware and software.
The majority of data warehouses that business operations use to store data and obtain key data insights are based on a three-tier architecture: a bottom tier, middle tier, and top tier. Through this data model, data flows from the bottom to the top tier.
A schema refers to the way in which data is organized within a data warehouse. There are two primary data schemas: the star schema and the snowflake schema.
As mentioned above, data warehouses allow business operations to run powerful analytics on their current and historical data. Of course, this enhances the organization’s business intelligence. Along with the BI and data analytics that data warehouses foster, there are many additional benefits that data warehouses can provide to business operations. Some of the top benefits that business operations can reap by utilizing data warehouses include:
Like data warehouses, APIs can provide many benefits to business operations. An API, or application programming interface, simply works as a “middleman” between applications or software. APIs allow multiple apps to send information back and forth through API calls or API requests, all without having to directly communicate with one another. Overall, there are many use cases for APIs in business operations. Two of the most common types of APIs are the REST API and the SOAP API.
APIs are pretty straightforward. A good analogy to help understand how APIs work is to equate an API to a language translator. Just as a language translator can help an English speaker and a Dutch speaker communicate, an API can help two or more applications share information without having to speak the same language or directly communicate.
In addition, the API process can be broken down into four key steps.
When it comes to API creation, there are essentially two ways that an API can be deployed. The first is through manual API development, and the second is through API generation.
Through manual API development, a software developer with front-end and back-end web development skills builds an API from scratch. Manual API development can take weeks to months to finish, as developers have to take into consideration API design, API function, API endpoints, API testing, API documentation, and more during the development process.
In comparison to manual development, API generation is enabled through low-code or no-code solutions. Essentially, API generation allows both developers and non-developers to successfully build APIs through a pre-built framework with drag-and-drop features. As a result, no-code APIs can be created and deployed by any business user in less than an hour.
When looking to implement APIs into a business operation, API generation is the clear winner, as it allows anyone to develop APIs quickly with little to no coding skills in near real-time. With APIs providing many benefits to organizations, it’s essential that they can be created and deployed quickly. Some of the top benefits that APIs provide to business operations include:
While APIs and data warehouses are different processes, both allow business operations to get more out of their valuable business data. If you’re ready to discover more about the benefits that data integration and data management can provide your business operation, contact our team today to start your free 14-day trial.
How To Use Data Warehouses To Improve Your Business
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