APIs serve businesses in a variety of ways. These are some of them: 1- Reducing the amount of time and money it takes to produce a product. 2- Enabling businesses to reach new markets and customers that they would not have been 3- able to reach otherwise. 4- Businesses can concentrate on their core capabilities as a result of this. 5- Businesses will be able to better measure their performance since they will be able to see how their API is being utilized.