Hootsuite is a social media management system that allows users to manage social media accounts across multiple platforms like Twitter, Facebook, LinkedIn from a single dashboard. It was created in 2008 and has over 10 million users. The presentation discusses Hootsuite's collaboration with IBM Connections which allows sharing social media posts and comments between the two platforms. It provides various benefits like listening to conversations, tracking competitors, engaging customers. Applications discussed include customer support, marketing, sales and recruitment.