From ESBs to API Portals, an Evolutionary Journey | Part 1

A number of analysts are beginning to suggest 2013 will likely signal the awakening of a long night in the IT industry that started with the beginning of the third millennium with the Internet crash. And just as recovery was around the corner, the financial crisis of 2008 dried the IT well once more. Both crises can be characterized as crises of demand. Just past 2000, the Y2K pipeline ran dry. Some argue that the problem was overstated, whereas others argue that the problem was solved just in time. In either case this event triggered a significant pullback in IT spending.
Faced with an existential threat after Y2K, the IT industry did not sit still. The main outcome from these lean years has been a significant increase in efficiency where the role of IT in companies with most advanced practices shifted from being a cost center to an active participant in the execution of corporate business strategy. Capabilities evolved from no accountability on resource utilization to efficient use of capital to nimble participant in a broad range of organizations and initiatives. The second crisis reaffirmed the continuing need to do more in the face of shrinking budgets and very likely provided the impetus for the widespread adoption of cloud technology.

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