Over the past few years, the social media monitoring market has exploded as companies look to see what is being said about their brands, products and services on Facebook, Twitter, blogs, etc.
It has provided companies with a wealth of information about activity, geo-demographics and sentiment. This information has helped them make sense of the social media landscape by capturing conversations about themselves, competitors and the markets in which they operate.
But what’s next for social media monitoring beyond getting a handle on the activity on the various services?
It strikes me the obvious evolution in the social media monitoring will involve insight, intelligence and perspective. In other words, it’s great to see the level of activity but knowing what it means and how companies should respond and react will become increasingly valuable and necessary.
While technology does a great job of automating many processes, a major role to make sense of social media activity will be people-powered. Companies looking for a competitive edge will leverage people to manually assess social media activity to make strategic and tactical marketing and sales decisions.
This is where public relations, digital and social media agencies will find a new and, arguably, valuable way to provide clients with value-added services and support for their social media efforts.
Right now, third-party agencies are providing a growing amount of tactical social media services – tweeting, updating Facebook Pages, writing blog posts, and engaging with users. But over time, this activity could sport lower profit margins.
This is where the ability to provide insight and intelligence will become more valuable and important to clients and the third-party agencies offering social media services.
It will be interesting to see how the business models for these kind of services emerge and, as important, the metrics to determine return on investment.
In some respects, it could be easier for companies to justify spending budgets on insight and intelligence because it could provide more tangible action-items to change strategic and tactical directions. This activity would compare with social media monitoring and engagement, which is more number-crunching and data presentation.
For PR agencies, it will become more important to have people who can dig into the data and then deliver insight and intelligence that can make a difference. It will require different types of people to replace or complement social media tacticians but it will be a way for PR agencies to differentiate themselves.
When I was a newspaper reporter, a key part of the media landscape was the press conference. Many of them were fun because it got you out of the office, you could hang out with other reporters, and maybe there was some interesting news to report.
It’s been two weeks since 



