Jun 2, 20231 min
Updated: Jun 18, 2023
In the age of #AI and partnerships, data holds an 💰 unprecedented value. However, are we fully leveraging it? Currently, a mere 19% of companies exploit the benefits of data collaboration with partners.
This is a trend that's set to change dramatically.
💡 Yesterday, I had an insightful conversation with Scott Brinker, the godfather of #martech and HubSpot's VP of Platform Ecosystem.
He underscored an important point during his LXA (formerly MarTech Alliance) keynote - the secret to leveraging AI lies in pairing sophisticated models like ChatGPT with specific domain data sources. Case in point, ChatSpot, operating atop Hubspot's CRM.
Today, we live in a data explosion era. To harness AI's true potential, companies must effectively utilize their data. In this scenario, sharing and collaborating on data with partners is not just an opportunity—it's a necessity.
🎯 Yet, the Accenture research sheds light on an intriguing fact: 4 out of 5 companies have significant untapped data value and partner collaboration potential.
The study involved C-suite executives from 700 global companies and discovered that only 19% of these companies have a data strategy for seamless ecosystem collaboration.
📍 A mere 1 in 5 companies:
Shares data responsibly with partners, thus monetizing it directly for revenue and indirectly to bolster collaboration and new business models with partners.
Has a data strategy shaping their broader business and ecosystem strategy.
📈 By 2024, we're likely to see a shift—48% of companies are projected to have a data strategy fostering seamless collaboration within their ecosystems.
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