How to analyze sentiment of Qualtrics NPS Survey Comments with generative AI
As a business owner or market researcher, it’s important to understand how customers feel about your company's products or services. Standard measurements such as Net Promoter Score (NPS) can provide some insight into customer loyalty, but to gain a deeper understanding of customer feedback, you need to directly evaluate their comments. In this post, we’ll show you how to use generative AI to automatically perform sentiment analysis on Qualtrics NPS survey comments.
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 Qualtrics NPS survey comments include:
- Automatically detect and classify customer sentiment and tone
- Quickly identify opportunities for product or service improvements
- Assess root causes of low NPS scores
- Improve customer satisfaction and loyalty
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 Qualtrics NPS survey comments. You can access this data through your Qualtrics account, export it in CSV or Excel format, or query a list of comments from your data warehouse or BI tool.
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 Qualtrics NPS survey comments. This will help you improve the quality and consistency of your customer support. This can help you both reduce churn and improve the efficiency of your support team.