The very term “Social Espionage” gives rise to images of an Orwellian future, or a really cool new John Le Carre novel. It could be imagined the book received funding solely on the creation of the term, which would be not too far from the truth. The term comes from Umberto Milletti, the CEO of InsideView.
InsideView, in business since 2005, just announced a $12 million round of funding. However, most are quick to point out that they are using the term to describe high-level sales executives gathering information on potential sales contacts, who don’t have the time to waste in letting a salesperson get to know them, being busy CEOs and all. Get all the inside scoop-hence the product name, InsideView-on your target before you strike; learn from twitter posts that he’s against continued fossil fuel production, or the current administration’s policy on such-n-such.
It’s Not That Kind Of Spying
While CRM’s stated purpose is to codify business intelligence with regard to sales prospects using social networking, it is hard to imagine a sales person that wouldn’t be tempted to keep tabs on the key people at his or her’s nearest rival for signs of what they may do.
Hey, if it is out there why not use it? This could lead to a blackout of information and the use of social networking for many business professionals in an effort to avoid giving their competition too much information. Which many do already. There has been a controversy boiling over default business policies regarding social networking and its proper use. Employers have fired employees, and even sued them over the use of social networking in the work place. This is not going to help.
The kind of high-level tool that this new start up represents has been in the hands of enterprise level executives for a while. Business is war and in war, intelligence rules. The difference here is that salespersons and small companies all over the place will be spying on each other and making that first contact with the prospect count by already knowing the answers and the questions. Maybe, as most people in business use social networking for business and sales prospecting is already an online experience. What this package does is use semantic search and online information aggregation to make it a lot easier. (more…)







