How to analyze sentiment of ExecVision Sales Call Transcripts with generative AI
As a sales team, it’s important to understand the sentiment of your calls with potential customers. Standard measurements such as call duration and deal size can provide some insight into how well the team is performing. However, to go a level deeper and identify deeper trends and make improvements, you need to directly evaluate the sentiment of your sales calls. In this post, we’ll show you how to use generative AI to automatically perform sentiment analysis on ExecVision sales call transcripts.
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 ExecVision sales call transcripts include:
- Identifying common objections from potential customers and improving objection handling strategies
- Assessing the sentiment of customers who did not convert and determining areas of improvement in the sales process
- Tracking the overall sentiment of sales calls over time and identifying trends
- Improving sales rep training and coaching
Teams that might find these use cases helpful include: sales, marketing, 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 ExecVision sales call transcripts. You can extract this data using the ExecVision API, export it in CSV format, query a list of transcripts from your data warehouse or BI tool, or copy and paste with an example transcript.
Next, you need to confirm the sentiment scale you will use for assessing the sentiment of your sales call transcripts. Typically, sentiment is measured on a scale of -1 (most negative) to 1 (most positive). You can also assign sentiment ratings such as:
- 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 ExecVision sales call transcripts. This will help you improve the quality and consistency of your sales calls. This can help you both increase conversion rates and improve the efficiency of your sales team.