The cat was let out of the bag today regarding Jeremiah Owyang’s next career move. He’s reuniting with former Forrester colleague Charlene Li and joining her new venture, The Altimeter Group. I wouldn’t argue against what a formidable collection of talent, expertise and passion now exists at this young company. Several prominent folks like Todd Defren, Brian Solis, and Jeremy Pepper have already shared their opinions on what a powerhouse combination of talent this is. The blogosphere doesn’t need another breaking news post, so I’ll refrain from a redundant recap. That said, I wish Jeremiah the best and send him a sincere congratulations on this move.
What interests me much more about this news is that we’re FINALLY starting to see folks involved in the social media space put the focus where it ought to be, on harnessing new strategies and tools to provide more business value, PERIOD. Strip all the social media hype down to the bare minimum and that is all that really matters for business leaders. Social technologies have been a great thing for individuals, ushering in changes that we still haven’t seen the end of. However, what they haven’t done en mass yet is brought the financial and/or business value benefits that they need to, in order for companies to run like mad and adopt them.
Why not? Because new media and technology developments are moving at light speed, and most (not all, there are positive and credible examples out there) companies don’t have the capability to assess these changes, analyze their pros/cons, and then put together a roadmap for how to adopt and execute with them in a way that is 100% aligned with business objectives and goals. To date, most of the social media for business is about enagement and activity. Is this a good thing? Yes. No. Maybe, but that answer will be different for each company you ask. I think the real “magic” moment for social media is yet to come. People like Jeremiah, Charlene and others realize this, and see the true opportunities for new media & technologies. They want to legitimize the space to businesses. The way to do that is by speaking a language and vocabulary that the business world understands. Not by talking “tweets”, “plurks” and “likes”. Those are internal nuances of the social media black box. Business leaders don’t need, nor want, to get sucked into that conversation. They NEED to know how to integrate social into their business plans, strategies and cultures, in a way that will better their products or services to drive revenue and increase customer satisfaction (think Social Business Design like David Armano from Dachis Corp., not tactical social media).
If it feels like social media needs to grow up and mature, it’s because it does. The folks at Altimeter certainly are not the only ones doing it, but part of the vanguard attempting to change social media from a pimply, awkward teenager into a responsible, polished young adult.
