According to a Gartner survey;
- By 2023, companies with a composable tech solution will be 80% faster than their competitors, in implementing new features.
- By 2023, 30 % of commerce companies will need a dedicated API product manager in their organization, to handle the modernization of commerce applications and the underlying architecture.
- Packaged Business Capabilities, (PBCs) will be used by 10% of retailers by 2024
Below, we briefly explain Composable commerce, Packaged Business Capabilities, microservices and why many digital retailers will need an API product manager in a near future. If it still doesn't make sense how they are connected - we use a cooking metaphor to explain it all.
What are microservices?
Microservices is a developer concept and refers to how software is composed. A number of small, independent services communicating over well-defined APIs form a microservice, which in turn can be one part of a Packaged Business Capability (PBC), explained below.
What are Packaged Business Capabilities - PBCs and Composable Commerce? A Packaged Business Capability (PBC) is typically composed by several software components- microservices. The composition of microservices provides a tangible business capability, bringing value to the business operations. Composable commerce refers to a solution that consists of several Business Capabilities, modules that enable specific features or functionalities.