Data flywheels built on proprietary usage data are amplified — Palantir's US commercial revenue grew 133% with 150% net retention. The mechanism: agents need trusted, governed context, and that data layer is consumption-metered. The caveat holds — agents may detach the workflow from the interface the vendor monetizes. Meanwhile distribution bundling and workflow lock-in stay contested, and e-signatures or tier-one support see their moats eroded as the tasks they defended dissolve.