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  • https://doi.org/10.4018/979-8-3693-9246-1.ch005Copy DOI Icon

Consumer Sentiment Analysis on Social Media for Business Intelligence

  • Sep 20, 2024
  • Sachin Mishra +2 more
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Abstract

Previously, when looking towards the development of surveys to help us improve aftershave products, we relied on the traditional and often costly means of conducting comprehensive and expensive marketing surveys. Social media plays the role of a powerful tool for realizing consumer behavior and obtaining opinion of consumers of products that is referred to as consumer sentiment analysis. It observes and checks consumer preferences by investigating the content they are sharing, where they can be any images, videos, or simple text. Catchers get a new insight into target market needs and service adequacy. By tailoring to the consumers' needs as these demands keep changing, companies can make their operations better. Social media handling companies can gain rich insights from social media applications by using latest technologies like machine learning and natural language processing, especially through lexicon-based methods. Then, they can randomly select a few customers and conduct sentiment analysis on their feedback of the product which is known as opinion mining.

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