Data has become an invaluable asset in today's economy, driving business innovation and opportunities across various industries. Tech giants and data-driven enterprises leverage advanced computational tools to predict trends and enhance decision-making but often require collaboration with third parties to fill data gaps. This collaboration, particularly in sectors like pharmaceuticals, cloud services, financial services, and post-merger scenarios, depends heavily on trust and legal frameworks, which can be costly and time-consuming. Privacy-enhancing technologies (PETs) present a solution by allowing data to remain encrypted during collaboration, reducing legal and security risks while ensuring compliance with data protection regulations. This approach simplifies legal complexities and facilitates faster and more secure data collaborations, minimizing the risk of data breaches and enhancing the potential for uncovering new business insights.