SEO will always involve technical aspects. You get down into code level and mark it up. The SEO needs to be aware of development and design and how those activities can affect SEO. The SEO needs to know how web servers work, and how spiders can sometimes fail to deal with their quirks.
But in the years since Florida, marketing aspects have become more important. An SEO can perform the technical aspects of SEO and get nowhere. More recent algorithms, such as Panda and Penguin, gauge the behaviour of users, as Google tries to determine information quality of pages. Hummingbird attempts to discover the intent that lays behind keywords.
As a result, Keyword-based SEO is in the process of being killed off. Google withholds keyword referrer data and their various algorithms attempt to deliver pages based on a users intent and activity - both prior and present - in order to deliver relevant information. Understanding the user, having a unique and desirable offering, and a defensible market position is more important than any keyword markup. The keyword match, on which much SEO is based, is not an approach that is likely to endure.
The emphasis has also shifted away from the smaller operators and now appears to favour brands. This occurs not because brands are categorized as “brands”, but due to the side effects of significant PR activities. Bigger companies tend to run multiple advertising and PR campaigns, soproduce signals Google finds favorable i.e. search volume on company name, semantic associations with products and services, frequent links from reputable media, and so on. This flows through into rank. And it also earns them leeway when operating in the gray area where manual penalties are handed out to smaller & weaker entities for the same activities.
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