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Application Programming Interface (API)

In computer programming, an application programming interface is a set of subroutine definitions, communication protocols, and tools for building software. In general terms, it is a set of clearly defined methods of communication among various components.
APIs enable companies to grow their businesses more quickly than ever before, and represent an answer for the organizations that are currently spending more than $590 billion per year integrating disparate systems.
https://www.glowtouch.com/importance-apis-business/

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