Blogger and podcaster Shel Holtz led a session on The practical impact of social media on your organization. And as he has several times through the conference, he held the attention of an audience that included a full range of experience and knowledge from veteran bloggers through to novices who have not yet subscribed to a blog.

Shel noted that this IABC Conference has had at least five sessions on social media, compared with only one or two in the past.

Some truths:

New media do not replace old media. Yes, old media may shrink. But they also adapt to do the things they are best at.

The press release is not dead. It is being reinvented. Look at the new release format developed by Todd Defren.

Markets are conversations.

The audience controls the message. Once you have put out a message, the audience takes it up and talks about it. They extend, build and comment on it.

And it’s not just the most-read bloggers who count. The Long Tail means that everyone counts.

Therefore, institutions must cede control in order to participate in the conversation.

Blogging and other social media software have lowered both the technical and cost barriers to the point that virtually anyone with a computer can participate.

We are going through a seismic change that is driven by shifts in trust combined with demands for transparency. Communications must change to reflect this.

We have entered the era of social computing, in which power is in the hands of communities, not institutions.

The technology doesn’t matter. With the coming of IE7, people will no longer need to be conscious of RSS. They’ll just look for the orange icon. And they’ll be as unconscious of what RSS is as most people today are unconscious that they use SMTP every time they send an email.

RSS feeds have tremendous potential for eliminating email clutter in organizations. It is an ideal platform for the distribution of news and announcements.

Shel provided several examples of corporate blogs. When questioned about the time requirement for blogging, he noted that one CEO had indicated to him that he sees communication as part of his job. And he sees blogging as a useful new tool. So, he blogs. But he doesn’t spend more time on communication. He has simply shifted to his blogging some of the time that he previously spent on other communication activities.

One interesting example of a company that is exploring the potential of creating new communities is wetpaint, with their stable of wikis, such as wikifido.

Tagging is enabling people to experience the wisdom of crowds, seeing what others considered important and relevant to a topic. This is being used by individuals and companies. IBM tags information on their intranet to make it easier for other people to find it. Hill and Knowlton collects and shares market intelligence using del.icio.us.

Podcasts and vidcasts are beginning to make their way into corporations.

The impacts:

Personal relationships are being developed online. Many bloggers and podcasters experience the doppelganger effect of meeting someone in real life who they feel they already know and have a relationship with through their social media interacitons.

For business, new forms of trust are emerging on the net based on sustained exposure and interactions through social media. Hobson and Holtz frequently receive invitations to make joint presentations even though they have no business together.

The workplace will see new methods of collaboration and more two way communications replacing top down communications. These communications will be less formal, more conversational.

To be used effectively, blogs and other forms of social media must be integrated into a comprehensive communications strategy. They should not be approached on a standalone basis. They have particular strengths and uses that should supplement, not replace other communications vehicles.