API governance is a comprehensive framework that sets the rules and practices for managing APIs, ensuring they remain discoverable, consistent, secure, and collaborative across an organization's landscape. It distinguishes itself from API management by focusing on the establishment of overarching policies and procedures, while management deals with executing these policies. Effective API governance strategies are built on centralization, standardization, automation, and continuous monitoring, leading to improved API performance, security, and developer satisfaction. By treating APIs as strategic business assets, governance aims to maximize value and enhance the developer experience, providing a cohesive and innovative ecosystem. It helps organizations control API sprawl, ensuring APIs are scalable, secure, and cost-efficient, and aligns API strategy with broader business objectives. Automation plays a crucial role in streamlining governance processes and freeing up developer time, while tools and platforms like Moesif support the implementation of governance at scale, enhancing API discoverability and adherence to standards.