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Hi,
Adobe social is a tool that is designed around enabling your social media needs.
It can be broadly understood as enabling two capabilities:
1. Creating content to engage potential targets.
2. Understanding how targets are interacting with content pertaining to your brand.
It is designed with solutions that allow you to perform the above mentioned capabilities. For eg:- The social publishing tool allows you to publish content you wish to engage your audience with, across multiple social channels. The moderation tool - somewhat conversely - allow you to monitor what is being said about your brand across social channels.
The social integration with analytics provides you with data that can help you better understand the conversations through reports such as the social buzz report as well as indigenous algorithms for carrying out sentiment analysis.
I've tried to give you a broad overview of what social allows you to do and of some of it's solutions.
It's importance remains subjective to the usage and what your organization's social strategy is looking to achieve.
I hope this answers your query. Please feel free to revert if you have more questions.
Kind Regards
Rahul