Platforms process your signal inside proprietary models and return a number. They keep the model. Agencies accumulate the logic that makes your marketing work, built on your budget, your customers, your campaigns, inside their own environment. It compounds there over time. It does not transfer when the relationship ends.
But the problem goes deeper than platforms and agencies. Most brands cannot independently verify whether their marketing is working. They don't control the data their decisions depend on. Their operations would be hampered by a vendor transition or agency restructure. The infrastructure that should be compounding intelligence inside the brand is distributed across third parties who have no commercial incentive to give it back.
This is not a single problem with a single fix. It is a structural condition, and most brands have never had the visibility to see how far it extends or what it costs them.
This is rational commercial behaviour, not a conspiracy. The problem is that the brand is often the only actor in the chain without a counter-strategy to this dependency.