🤖 I recently asked ChatGPT: “What percentage of data and analytics companies globally leverage partnerships?” Here’s the response:
“While exact numbers are hard to pinpoint, it’s clear that the majority of data and analytics companies globally leverage partnerships. Key drivers include:
- Complex Data Landscape: The growing complexity and distribution of data across multiple sources make partnerships essential for accessing and integrating diverse datasets.
- Specialized Expertise: Data and analytics require specialized skills and technologies, and no single company can possess expertise in all areas. Partnerships allow companies to tap into complementary expertise and strengthen their offerings.
- Accelerated Innovation: Collaboration fosters faster innovation and the development of new solutions, helping companies stay competitive in a rapidly evolving field.
- Market Expansion: Partnerships help companies expand into new markets and customer segments, particularly for companies looking to scale internationally or offer more comprehensive services.”
I couldn’t agree more—partnerships are critical in today’s data-driven world.
đź”´ The bad news? After 15 years in the partnership space, I’ve seen companies struggle with partnerships more than they succeed. Most do partnerships poorly.
This should be a wake-up call. Partnerships can be a game-changer, but without the right strategy and execution, they often fall short. That’s where we come in.
✅ The good news? Partnerships are easy to unlock with the right expertise. Whether you’re a data start-up seeking new collaborations, a large enterprise looking to strengthen your capabilities, or a Private Equity firm aiming to optimize a portfolio company, Evolve Growth Partners has the experience to help you thrive through smarter partnerships.
Let’s connect to discuss how we can optimize your partnerships for growth and innovation.
