Application programming interface solutions company Sensedia released five API strategies for insurance and healthcare organizations.
The five API strategies:
- Ecosystem-based innovation
- Digital products evolution
- Quick response time to market demands
- New positioning and leadership
- New revenue streams
"It's critical for leaders in the insurance industry to accelerate digital transformation and cultivate ecosystem-based innovation if they want to remain top competitors in the coming decade. APIs are the vehicles to drive this transformation and connection. And when implemented strategically, APIs can impact every aspect of a business," Sensedia co-founder and Chief Growth Officer Marcilio Oliveira said in the Sept. 27 Sensedia news release.