How to analyze sentiment of Capterra Online Reviews with generative AI
As a business owner, it’s important to know what your customers think about your products or services. One way to gauge customer satisfaction is by analyzing their online reviews. In this post, we’ll show you how to use generative AI to automatically perform sentiment analysis on Capterra online reviews.
What is Sentiment Analysis?
Sentiment analysis is a natural language processing (NLP) technique that involves using machine learning algorithms to automatically identify and extract the emotions or opinions expressed in a given piece of text.
The algorithms are trained on a labeled dataset of text samples, where each sample is labeled with its corresponding sentiment (positive, negative, or neutral). The model learns to recognize patterns and features in the text that are associated with different emotions, and uses these patterns to predict the sentiment of new, unseen text.
Sentiment analysis has many applications, such as customer feedback analysis, social media monitoring, and market research. It's a powerful tool for organizations that want to understand how people feel about their products or services, or to track public opinion on different issues. It can help automate tasks and extract valuable insights from large amounts of text data.
Example Use Cases
Some use cases for performing sentiment analysis on Capterra online reviews include:
- Quickly identify common themes and issues mentioned in reviews
- Assess overall customer satisfaction with your product or service
- Identify areas for improvement based on customer feedback
- Monitor changes in customer sentiment over time
- Inform marketing and sales strategy based on customer feedback
Teams that might find these use cases helpful include: product, marketing, customer support, and operations.
Accessing your Data and confirming your sentiment scale
You first need to identify the data that you want to work with. Here, we are looking at Capterra online reviews. You can extract this data using Capterra's API, export it in CSV format, query a list of reviews from your data warehouse or BI tool, or copy and paste with an example review.
For more information on the Capterra API see here: https://www.capterra.com/capterra-api/
Next, you need to confirm the sentiment scale you will use for assessing customer sentiment. Typically - sentiment is measured on a scale of -1 (most negative) to 1 (most positive). You also may assign sentiment ratings.
Here is an example of a sentiment rating scale:
- Very Positive
- Positive
- Neutral
- Negative
- Very Negative
Once you have your data and sentiment scale, you can use generative AI to automatically assess the sentiment of your Capterra online reviews. This will help you improve the quality and consistency of your products and services. This can help you both retain customers and attract new ones.