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While there is no argument from me about the importance and value of reliable sentiment data, I think we're still in the infancy period of getting sentiment analysis incorporated into existing processes and operations. NLP technologies are only so reliable when it comes to automating sentiment analysis. And as you've pointed out in this post, doing things the old fashioned way (all human effort) has its own shortfalls too. The space will need to mature before marketers and brands can effectively use sentiment analysis to its full potential.
Could not agree more on the infancy stages. Another question this raises is what about switching cost. Imagine spending countless hours tagging and cleaning up data and you decide to move to a new platform. Does this mean start over?
Thanks.dirk
I wonder if brands are particularly worried about ALL sentiment though. Maybe for some the priority is to be able to sniff out the negative sentiment and take appropriate action. What do you think?
The question about all sentiment is one i dont have a solid answer to either. I wonder if there is a % based on total mentions that will give a brand a statistically accurate measure of sentiment.
Thanks again for commenting and sharing these other tools.
dirk
One word: Segmentation
I'd agree that not at sentiment is created equally. Brands should be placing the sentiment of some consumer/customer types over others, depending on their goals/priorities.
You're right, sentiment is attracting a growing amount of attention because many companies want to quickly know if the conversations about their brands and products are positive, negative or neutral.
If you'd like a demo of Sysomos' MAP and Heartbeat services - and how they automatically assess the sentiment of the conversations - please let me know.
cheers, Mark
Secondly, random sampling 20% of mentions is statistically acceptable. You do, however have to be clear with clients that you may well miss an important post, but you are just as likely to miss an important post for the competition as well.
thanks for commenting and sharing your insight. Do you also see a variance in time to tag based on complexity of products? So do you all offer outsourcing for sentiment analysis.
Great stuff.
Dirk
and dixie cups and posting about missile defense and energy issues, that's
why we have an average per hour by type of client -- non-profit, education,
defense, technology, consumer etc. And yes, we prefer to call it
"Northsourcing" since we're in the Great North Woods of NH, :) but yes, we
offer it and do alot of it.
Worth is a tough question. In this model of tagging a mention with a rating regardless of manual or automated, the desired "worth" may be to optimize something in the future whether it be a campaign or a product.
Another way to find more "worth" is to be able to extract the tagged or curated mentions and place them in various stages of the purchase path.
This extends the definition of worth to talk about sentiment in context of lead generation and new sales. This implies these monitoring solution open up and allow you to re-purpose the mentions you have curated. Here is how this may come to fruition in context of an online customer experience.
http://dirkshaw.blogspot.com/2009/06/one-of-big...
Thanks for commenting. Dirk
However, if your goal is to understand WHY people are positive/negative or if you want to drill into the data a bit more in depth, sampling increasingly falls down. Consider the following questions:
•What are the top-10 positive comment types about my brand?
•What are the top-10 negative comment types about my brand?
•What positive comments are emerging this month?
•What negative comments are emerging last month?
•What is most important to my most valuable customers?
•What is most important to males vs. females?
Answering each of these questions requires a data size that is much greater than a 5-10% overall sample. The emerging issue question, for example, is impossible to answer without reviewing and coding EVERY record. It is for this reason that automated text analysis, sentiment and categorization technologies, like those developed by my company, Clarabridge, have caught on like wildfire over the past few years.
If you just want a basic pulse, yes, sampling is fine. If you want to answer detailed questions like the ones above, in my opinion you need sophisticated technology. For a quick explanation of text analysis and mining see: http://tinyurl.com/howtextminingworks
Regards,
Tony
Automated sentiment can work very well if the user takes the time to identify their dictionary needs and then tweak the dictionary. In SM2 it's quite easy to get 95% accuracy plus.
I had a customer that was a sponsor of the David Letterman show. I removed jokes, hilarious from the positive dictionary and added terms like sponsorship, boycott, advertiser, etc to trigger negative sentiment.
Our customer was very pleased with the automatic sentiment while their brand was experiencing a crisis. Interestingly enough, that dictionary would have worked for all 20 sponsors. How long did it take me to identify & review? Not long -an hour. So it's very possible. You just need a robust tool.
Connie
Community Strategist | Techrigy
@cbensen