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API management: Save time and money

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Several well-known companies, like Google and Facebook, have delved into the world of open APIs, so there is a good chance a number of developers will be dealing with the technology if they aren't already.

Having a strict policy in place regarding component use across platforms is a must, according to Elliot. If developers do so, he said, time and money will be saved in the long run, particularly when it's time to deploy new applications across a platform ecosystem.

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