How to analyze sentiment of Medallia NPS Survey Comments with generative AI
As a company, it's crucial to understand what your customers think about your products and services. For that purpose, Net Promoter Score (NPS) surveys are a great way to gauge customer loyalty and satisfaction. However, analyzing and understanding the sentiment of customer comments can be a daunting task. In this post, we'll show you how to use generative AI to automatically analyze the sentiment of Medallia NPS survey comments.
What is Sentiment Analysis?
Sentiment analysis is a natural language processing (NLP) technique that involves using machine learning algorithms to 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 Medallia NPS survey comments include:
- Identifying areas for improvement in your products or services
- Identifying areas of strength to leverage in your marketing and sales efforts
- Tracking changes in customer sentiment over time to gauge the effectiveness of customer experience initiatives
- Providing insights to customer support teams to improve customer satisfaction and reduce churn
Teams that might find these use cases helpful include: customer support, customer success, product, 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 Medallia NPS survey comments. You can extract this data using the Medallia API, export it in CSV format, query a list of comments from your data warehouse or BI tool, or copy and paste with an example comment.
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 can also use a sentiment rating scale, 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 Medallia NPS survey comments. This will help you better understand your customers and improve the quality of your products and services, ultimately leading to greater customer loyalty and satisfaction.
For more information on Medallia's API, see here: https://developers.medallia.com/