The Case for A Third-Party API Management Platform for Consumed APIs

API consumption management is an emerging field addressing the challenges companies face when scaling products alongside consumed APIs, which are often managed in an ad hoc way without unified tools. The text emphasizes the need for an "API Consumption Manager" to provide insight, control, and optimization of third-party API usage, helping to manage costs, security, and performance. Current solutions, such as Lunar, aim to fill this gap by offering centralized oversight, error remediation, token management, and performance monitoring, ultimately reducing technical debt and improving operational efficiency. By integrating seamlessly into existing tech stacks, tools like Lunar promise to enhance API management through better visibility and smart controls, enabling organizations to efficiently manage their API consumption and infrastructure.