Kong – API Impact Report, 2024

Summary The API Impact Report for 2024 highlights the growing importance of artificial intelligence (AI) in enterprises. Despite some skepticism, 92% see AI as a priority, with 83% reporting that AI investments have led to new products or services. However, the rush to adopt AI has created challenges around data security and compliance. Organizations are struggling to integrate AI technologies like Generative AI and large language models, leading to a feeling of the "Wild West" in AI practices. Many organizations have rules in place, but 60% admit to finding ways around them. The report emphasizes the crucial role of APIs in AI adoption, as they ensure compliance and security. The economic impact of APIs and AI is projected to be significant, with potential for $17.3 trillion and $43 trillion respectively by 2030. Despite the promising outlook, challenges such as a predicted 550% growth in API attacks by 2030 persist. The report aims to provide insight into the state of AI in enterprises and the synergy between AI and APIs, as well as the benefits and challenges experienced by organizations in AI adoption and API innovation.