With the millions of conversations that are occurring on the social web, organisations can feel overwhelmed with the volume of information. Social media monitoring plays an important role in monitoring these conversations efficiently and converting data into meaningful information for business users.
In addition to monitoring, engaging with those conversations can help organisations establish a social media relationship and marketing strategy.
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Internal Social Media Monitoring
Before deciding upon a social media monitoring tool, an organisation should first establish what type of information they wish to monitor. Measuring internal assets, such as your organisation's own Facebook Fan pages or twitter account, can be done at a very lost cost.
External Social Media Monitoring
To measure external, as well as internal, conversations, monitoring tools such uberVU provide the best scope for monitoring them across a variety of platforms. External monitoring tools work by crawling through and picking up specified keywords related to your brand profile.
Advantages of Social Media Monitoring

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Brand Management and Monitoring
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Sales and Lead Generation
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Social CRM
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Competitor Intelligence
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Spotting Industry Trends
Social Media Strategy
Having and enacting a good social media strategy will improve customer support/service, direct marketing, social media marketing, sales and business intelligence. Matraxis' social media consultancy support can assist with reviewing or setting up a social media strategy for your organisation.