A well-known dance competition company hosts many contests across the United States throughout the year. They strive to maintain the same process and compliance at every event, but this can be a major challenge as the competitions aren’t always managed by the same crew. The truth was, they had no idea how they were doing and didn’t know how their events were being perceived by participants and attendees.

So, the company started gathered feedback at every contest. They quickly realized that with so many comments and reviews on various platforms, they did not have the time to analyze each and every one. And even if they did, they did not have a proper process in place to accurately decipher the true feelings of participants and spectators. They needed a change.

Thanks to sentiment analysis, the dance competition company was able to discover true emotions and opinions surrounding their events. Automatically analyzing customer feedback allows the company to learn what makes customers happy or frustrated, so that they can tailor operations to meet their customers’ needs. They are quickly able to detect disgruntled customers and respond as soon as possible to make amends at an individual level. They are also able to use negative feedback as fuel to drive change across the organization. For positive feedback, it alerts them as to which aspects of their operations don’t need adjusting. From the customer’s point of view, this process gives them an opportunity to affect real change on an organization, rather than being drown out in a sea of comments and reviews. This helps improve customer experience and overall satisfaction.

By using sentiment analysis, the dance competition company can avoid spending endless hours scrolling through hundreds of reviews and trying to manually distinguish the overall opinion of their customers. Sentiment analysis continues to help the dance competition company manage their brand and keep their participants and attendees happy in an accurate and time-efficient manner.

Improving customer satisfaction is just one way sentiment analysis can be used within business. Sentiment analysis can also be applied to several over aspects of business including market research, crisis prevention, and competitor analysis.

Marketing Campaigns

Being tone deaf to the public’s opinion of your marketing campaign is a recipe for disaster. That is why sentiment analysis is used to reveal feedback from consumers. If the reception is positive, marketers can stay the course. If the reception is negative, marketers can make changes informed by customers’ feedback. This can result in a stronger marketing campaign performance than you ever thought possible, all thanks to sentiment analysis.

Crisis Prevention

Sentiment analysis can be used to detect predefined keywords in real-time from websites, news sources, forums, social media, or anywhere else online that has potential to harm your company. Public relation specialists or brand managers can then be notified of the negative content to swiftly head it off before it snowballs into a bigger issue. The sensitive matter can then be resolved personally and privately.

Competitor Analysis

Keeping an eye on the competition is always a best practice for business. That is why companies utilize sentiment analysis to compare themselves to their professional rivalries. Running sentiment analysis on a competitor’s brand reveals how their actions are being perceived and why. This helps you avoid making the same mistakes your competitors did, capitalize on their pain points, and unveil new opportunities for success.