API Platform Business Model for the Case Company
Laturkar, Prasad (2022)
2022
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2022120225792
https://urn.fi/URN:NBN:fi:amk-2022120225792
Tiivistelmä
The objective of this thesis is to propose a possible API Platform business model solution to the case company addressing the mining and minerals sector. The need being that the case company has initiated an internal digital transformation strategy to become leading Nordics API solutions partner and looking forward to quickly create a reference case of digital collaboration within the mining and minerals sector.
This study is based on using qualitative research methods. Upon identification of the objective, the current state analysis was conducted by conducting internal and external interviews, researching available internal documents, intranet of the case company and analyzing one competitor. Themed interviews were conducted with the identified internal staff and the staff of the identified customer. This exercise helped to understand the current state readiness of the API Platform business model within the case company against the customer needs. A competitive analysis on one leading API centric solutions provider from the Nordics was done to get a view from the market. Triangulation of data collection was ensured by involving informants and documents from business, technical and architecture organizations of the case company and the identified customer. The current state analysis phase of the study pointed out that API platform business model is the key element of the digital transformation strategy. However, there is a need to develop necessary models for implementing it. This resulted in identification of the focus area of developing a new API platform business model. The study continued to investigating available knowledge and industry best practice for selecting relevant elements in order to develop such a model for the case company. The theoretical framework and identified elements of knowledge were then applied in order to co-create a solution proposal of API Platform business model.
The outcome of the thesis is a co-created solution proposal that was developed and validated with the business, architecture and technical responsible stakeholders from the case company. The recommendations and evaluations from the experts led to creating the final proposal of the API Platform business model for the case company. The implementation of the proposed API platform business model will help the case company achieve a key milestone in its own digital transformation strategy, obtain a reference case in the mining and minerals sector of the Nordics market, and develop new revenue streams.
This study is based on using qualitative research methods. Upon identification of the objective, the current state analysis was conducted by conducting internal and external interviews, researching available internal documents, intranet of the case company and analyzing one competitor. Themed interviews were conducted with the identified internal staff and the staff of the identified customer. This exercise helped to understand the current state readiness of the API Platform business model within the case company against the customer needs. A competitive analysis on one leading API centric solutions provider from the Nordics was done to get a view from the market. Triangulation of data collection was ensured by involving informants and documents from business, technical and architecture organizations of the case company and the identified customer. The current state analysis phase of the study pointed out that API platform business model is the key element of the digital transformation strategy. However, there is a need to develop necessary models for implementing it. This resulted in identification of the focus area of developing a new API platform business model. The study continued to investigating available knowledge and industry best practice for selecting relevant elements in order to develop such a model for the case company. The theoretical framework and identified elements of knowledge were then applied in order to co-create a solution proposal of API Platform business model.
The outcome of the thesis is a co-created solution proposal that was developed and validated with the business, architecture and technical responsible stakeholders from the case company. The recommendations and evaluations from the experts led to creating the final proposal of the API Platform business model for the case company. The implementation of the proposed API platform business model will help the case company achieve a key milestone in its own digital transformation strategy, obtain a reference case in the mining and minerals sector of the Nordics market, and develop new revenue streams.