Shoaib Khan, vice president of Abacus Consulting financial services and digital, said: "By harnessing the power of open APIs coupled with the intelligent, secure API management system, start-ups and corporations will have endless opportunities to mutually design and explore an ecosystem focused on disruption and experimentation - an ecosystem that will continue to grow long after the APIthon."
The APIthon expects the participants to come up with an upgraded or new service(s), by consuming partner companies' APIs, in their existing app and/or revenue stream(s). The best three services will get the winner prizes. World-class companies like Facebook, Google and Amazon have opened their APIs' access to other vendors the world over for the advancement of technology.
Shoaib Khan said Google maps' open APIs had revolutionised ride-sharing applications like Uber and Cream, and the APIthon would also come up with such wonderful products.-PR