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The term API stands for Application Programming Interface.
The term "Open API" has been recently in use by recent trends in social media and Web 2.0. It is currently a heavily sought after solution to interconnect websites in a more fluid user-friendly manner. Social networking sites like MySpace and Bebo currently do not have any open API's but with the growing trend and demand for social network aggregator websites like PeopleAggregator, Spokeo and SocialURL there will become more prevalent for these social networks to start considering the opportunities to take a leadership role in this endeavor. Open API also applies to collaborative services environments where managed service providers can also outsource specific services to other providers via systems integration. For example, companies like Level Platforms provide an open API to adapt to any business offering within the managed service environment.
With the advent of the Facebook Platform, launched June 1st 2007, Facebook incorporated an open api into its business model
OpenSocial is currently being developed by Google in conjunction with MySpace and other social networks including Bebo.com Engage.com, Friendster, hi5, Hyves, imeem, LinkedIn, MySpace, Ning, Oracle, orkut, Plaxo, Salesforce.com, Six Apart, Tianji, Viadeo, and XING. The ultimate goal is for any social website to be able to implement the APIs and host third party social applications.
"Open API" is also becoming very popular among technical software, for collaboration between different trades such as architects and engineers. Since there is different software for designing structures, buildings, these trades find a way to use each others work through "Open API". For example, an architect can draw in CAD software and engineers can implement these plans into their software.
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