Ernest Cu Emphasizes the Significance of Open APIs at 2024 MWC Shanghai

Ernest Cu, Globe President and CEO, highlighted the crucial role of Open Application Programming Interfaces (APIs) in propelling digital solutions that will stimulate growth and innovation during a panel discussion at the 2024 Mobile World Congress #MWC2024 in #Shanghai.

 

The discussion delved into GSMA’s Open Gateway, an initiative aimed at expediting the growth of digital services and applications through the seamless integration of standard and common APIs. The session was moderated by GSMA Director General Mats Granryd and included Cu and Dr. Hans Wijayasuriya, CEO of Telecoms Business and Group EVP at Axiata Group.

Cu emphasized the importance of open APIs for emerging markets like the Philippines, particularly in identity verification. He expressed optimism about the potential $300 billion opportunity for Open Gateway initiatives predicted by global management consulting firm McKinsey, while also noting the importance of monetizing telco assets such as APIs to sustain growth.

As the telecom industry continues to evolve, Cu’s insights underscore the importance of collaboration, innovation, and security in shaping the future of digital services and applications.

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FAQs

1. What is the significance of Open APIs? Open APIs are crucial in advancing digital solutions that will stimulate growth and innovation.

2. What is GSMA’s Open Gateway? GSMA’s Open Gateway is an initiative aimed at expediting the growth of digital services and applications through the seamless integration of standard and common APIs.

3. What is the potential opportunity for Open Gateway initiatives? Global management consulting firm McKinsey predicts a potential $300 billion opportunity for Open Gateway initiatives.

4. What is the role of security in the success of the GSMA Open Gateway? Security is paramount in the success of the GSMA Open Gateway. Proper cybersecurity controls must be implemented around the different APIs to prevent any leakage that could destroy the initiative.