Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
    pexels pavel danilyuk 8112119
    Data Analytics Is Revolutionizing Medical Credentialing
    8 Min Read
    data and seo
    Maximize SEO Success with Powerful Data Analytics Insights
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Sentiment Analytics – The Gold Mine, which you didn’t Mine!
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > CRM > Sentiment Analytics – The Gold Mine, which you didn’t Mine!
AnalyticsCRMData MiningMarket ResearchSentiment AnalyticsSocial Data

Sentiment Analytics – The Gold Mine, which you didn’t Mine!

SmartAnalytics
SmartAnalytics
6 Min Read
SHARE

It’s really a no brainer that Customer Satisfaction matters. Every IT or Business unit  I’ve known, considers Customer Satisfatction, a very high priority and does strive really hard to ensure they engage very closely with their customers. To ensure every customer query or concern is serviced well within time. If one does go by the assumption that servicing customers in a timely manner will keep them really happy and satisfied, one would tend to focus more on Service Level Agreements.

It’s really a no brainer that Customer Satisfaction matters. Every IT or Business unit  I’ve known, considers Customer Satisfatction, a very high priority and does strive really hard to ensure they engage very closely with their customers. To ensure every customer query or concern is serviced well within time. If one does go by the assumption that servicing customers in a timely manner will keep them really happy and satisfied, one would tend to focus more on Service Level Agreements.

To stay on top of your Service Level Agreements, metrics are defined and operational SLA related reporting infrastructure is implemented. What get reported up the management chain too would be the operational SLA reports. The teams that do not meet their SLA’s get punished and the ones who meet their SLA’s get praised for their work.

More Read

legal data analytics
Incorporating Data Analytics in Fast Food Legal Cases
The Next Generation Enterprise Platform
Investigating the Potential of Data Preparation
Combining Text Analytics with Voice-to-Text
Thomas Jefferson on Newspaper Delivery

Customer Satisfaction, Business Intelligence, BI, SLA

Is a 95% SLA performance truly worthy of praise? Most might say yes that means my customers are being serviced on time and are happy. Operational reporting that’s used out here to determine SLA adherence does tend to use just maybe around 30-40% of the overall data residing in your customer support system. Why is the remaining 60-70% data within such systems not analyzed at all?

Is the remaining 60-70% of your customer support systems transactional data, a GOLD MINE, which can help you uncover a lot of information about how your customers are thinking about you, your products and the services you are offering? Can this data tell you something which you never knew? In the context of Customer Satisfaction is this much more Business Relevant?

Sentiment Analytics, Business Intelligence, BI

Yes it is and out here I am referring to the free text residing with Customer Call descriptions, notes and comments. Unstructured or free text data is in vast amounts in your customer support systems, mining this data and co-relating it with your operational reporting could give you much more business relevant information. It could give you better SIGNAL’s about your customer SENTIMENT.  This could get you closer to getting a real good answer to your question “Are my customers Satisfied?”

Text analytics is nothing new and continues to use the same old word frequency distribution, pattern recognition, tagging/annotation, grouping of information and association of words/phrases within large samples of data using Natural Language Processing. With the Big Data, Social Web Wave, text analytics has suddenly got much more relevant and important. Technology, infrastructure and tools too have got more advanced and easier to use as compared to earlier years. When Text Analytics is used to derive customer sentiment, the results could be really fascinating.

Customer Satisfaction, Customer Sentiment, Text Analytics, Data Analytics, Data Analysis, Business Intelligence, BI

 

Let’s look at some use-cases which text analytics, could help senior IT managers or Solution owners uncover about customer sentiment

 

  • ~30-45% of the customers from within a particular business unit seem to be indicating, they would defer using a particular application until a new feature gets introduced, from comments like “I will wait”, “Not using currently” and ”Next Release?”
  • 20% of an influential user group seems to be using words like “No Business Sense”, “Angry”, “Frustrated”, “Time and Again”, “Too complicated to use” and “I don’t really use this”. This does indicate negative sentiment around the core product or service and not around the level of support provided.
  • 10-15% of customer queries do seem to be indicating the usage of “How to”, “Not Clear”, “Can’t understand”, “Not self-explanatory”, indicating the need to train or educate the business user group further
  • There is a sense of excitement  as nearly 20% of a power user group seem to be closing their queries with words like “Wow”, “Amazing results”, “Could not even image this is possible”, ”Solved a huge problem”
Customer Satisfaction, Customer Sentiment, Sentiment Analysis, BI, Business Intelligence

There are a number of open source and commercial tools available to perform such analysis. The ones that I have seen and used are pretty impressive “Lexalytics”, “Attensity” and many more. I am not at all trying to recommend any tool here, all perform really well. I would look up to some of the readers to share your insights on this subject too, your observations around what has worked for you and your customers.

Finally, I end this with, use your data to its fullest potential, the ANSWERS lie within it. Don’t miss out on your real GOLD MINE.

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

image fx (2)
Monitoring Data Without Turning into Big Brother
Big Data Exclusive
image fx (71)
The Power of AI for Personalization in Email
Artificial Intelligence Exclusive Marketing
image fx (67)
Improving LinkedIn Ad Strategies with Data Analytics
Analytics Big Data Exclusive Software
big data and remote work
Data Helps Speech-Language Pathologists Deliver Better Results
Analytics Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Big Data: Are You Ready for Multimedia Information Systems?

3 Min Read

Is the Data in Your CRM a Ticking Time Bomb?

8 Min Read

Why Analytics Professionals Are Destined for Leadership

5 Min Read
data analytics helps property management
AnalyticsBig DataData QualityExclusive

Data Analytics Helps Property Management Companies Join The 21st Century

5 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?