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Stakeholder Communication

Effective stakeholder communication is vital in any business setting as it ensures all parties are informed and aligned with the company's goals and strategies. Specifically, sharing insights from data analyses, like those derived from a Data Lake, is crucial. This practice helps stakeholders understand the dynamics of the market, identify pricing opportunities, and address revenue issues promptly.

RGM Stakeholder Communication

Enhanced Stakeholder Decision-Making

By communicating these insights and issues effectively, stakeholders can make better-informed decisions that drive the company forward and sustain its competitive edge.
 

How is the Data Shared with Stakeholders? 

The process of sharing data with stakeholders from the Data Lake is streamlined and efficient, characterized by the following key points:

Automated Dashboards 

Insights and key performance indicators are continuously updated and shared through built-in dashboards that stakeholders can access to get a real-time view of the company’s performance across various metrics.

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Report catalogues

Report Catalogues

Detailed reports are disseminated via an organized catalogue, allowing stakeholders to access specific data analyses relevant to their needs.

Customizable Reporting

With an enterprise plan, stakeholders can write their own reports on top of the existing infrastructure, tailoring the information to specific requirements.

Customized reporting
RGM Data Lake

Flexible Data Input Methods 

Sales data can be loaded either through simple Excel templates or directly via an API, catering to different levels of tech adaptability among stakeholders.

RGM Data Lake - Stakeholder Communication - Plans

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The Importance of Sharing Insights and Issues with Company Stakeholders

Sharing data insights and issues with company stakeholders is essential for several reasons:
Transparency
It fosters an environment of trust and openness within the company.
Informed Decision Making
Stakeholders can make more accurate and timely decisions when they have access to comprehensive data analyses.
Strategic Alignment 
Keeps all parts of the organization aligned with its strategic goals, especially in dynamic markets.
Proactive Problem Solving
Early sharing of issues allows for quicker responses, potentially averting larger problems.