API sprawl creates hidden security risks and missed revenue opportunities when organizations lose visibility into the APIs they build. According to IBM’s Neeraj Nargund, APIs power the core business processes enterprises want to scale, making automated discovery, observability, and governance essential—especially when thousands of APIs exist across teams and environments. Strong governance helps identify endpoints, remediate shadow APIs, and manage risk at scale. At the same time, enterprises increasingly want to monetize the data APIs generate, packaging insights into products and pricing and segmenting usage, a need amplified by the rise of AI.