In a podcast episode from Moesif's APIs over IPAs Podcast Network, hosted by Lawrence Ebringer, Erik Wilde, a catalyst at Axway and an expert in APIs, discusses the evolving landscape of APIs and their significance for business capabilities. Wilde emphasizes that while APIs are crucial interfaces, their value lies in delivering a valuable business capability rather than just having a technically well-designed API. He highlights the need for organizations to focus on understanding and managing their API ecosystems, especially regarding security and observability. Wilde also reflects on the importance of bridging the gap between technical and business aspects to ensure APIs drive business success, rather than merely serving as technical tools. The conversation touches on the challenges of API security, the growing importance of observability over simple monitoring, and the future of the API ecosystem, which he believes will require better integration of business and technical strategies to fully realize the potential of APIs.