How to analyze sentiment of SatisMeter NPS Survey Comments with generative AI
As a business, it’s important to understand your customers' satisfaction levels. One way to measure this is through Net Promoter Score (NPS) surveys. However, simply collecting scores is not enough to understand what customers truly think. In this post, we’ll show you how to use generative AI to automatically perform sentiment analysis on NPS survey comments from SatisMeter.
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 SatisMeter NPS survey comments include:
- Identifying common customer pain points and addressing them
- Identifying customers who are at risk of churning and taking proactive measures to retain them
- Identifying areas for improvement in product or service offerings
- Tracking customer sentiment over time and identifying trends
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 SatisMeter NPS survey comments. You can extract this data using the SatisMeter 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.
For more information on the SatisMeter API see here: https://developers.satismeter.com/
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 may also 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 SatisMeter NPS survey comments. This will help you better understand how your customers feel about your product or service, and take appropriate action to improve their satisfaction.
By analyzing customer sentiment with generative AI, you can uncover valuable insights that will help you grow your business and improve customer satisfaction, all while saving time and resources.