{"id":513749,"date":"2020-05-12T10:30:12","date_gmt":"2020-05-12T08:30:12","guid":{"rendered":"https:\/\/www.devoteam.com\/expert-view\/api-monetization-how-to-visualize-and-utilize-api-data\/"},"modified":"2020-05-12T10:30:12","modified_gmt":"2020-05-12T08:30:12","slug":"api-monetization-how-to-visualize-and-utilize-api-data","status":"publish","type":"expert-view","link":"https:\/\/devoteam.info\/be\/expert-view\/api-monetization-how-to-visualize-and-utilize-api-data\/","title":{"rendered":"API Monetization: How to visualize and utilize API data"},"content":{"rendered":"

For one of our clients, we both develop APIs and manage the complete API management platform<\/a>. So developing and building the APIs is basically our biggest task. However, we consider monitoring the API management platform as the next important step. It is simply vital to always know how your services and APIs perform!<\/span><\/p>\n

It doesn’t really matter whether you are providing API services from one business unit to another, or providing API services from one company to the other. In order to generate revenue from the API consumption, you need to have insights and an overview of the performance and usage.<\/span><\/p>\n

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Observability and monitoring<\/a> are terms that pop into my mind (hopefully to yours too!). In my opinion, visualizing and creating a monitoring structure and overview is the way to go. <\/span><\/p>\n

So how can you quickly create an overview? The quickest (and dirtiest) way is to give someone the task to query the database and get numbers into excel. This is one way of doing it, but it can be very time consuming and inflexible to create an overview like this. What if you need some more data (or less), or even a different angle?<\/span><\/p>\n

The best approach is to simply use some good monitoring tools! I’ll recommend you an awesome one in the next paragraph. <\/span><\/p>\n

The Monetization Of APIs<\/span><\/h2>\n

My preferred monitoring tool of choice is Elastic<\/em><\/a>. This tool has a couple of different modules that let you easily move data from the database to Elasticsearch indexes. This can be done using one of the modules filebeat<\/em>, metricbeat<\/em>, logstash,<\/em> and so on.<\/span><\/p>\n

Once your data is indexed, you\u2019re ready to go. Keep in mind that it’s vital to know the data you work with, in order to have correct graphs and numbers to work with.<\/span><\/p>\n

\u00cdn order to make API data useful for monetization, we need to figure out what is important:<\/span><\/p>\n