What is Sentiment Analysis? A Comprehensive Guide to Understanding NLP Sentiment Analysis

As humans, we can understand emotions from texts. Sentiment analysis is one such part of NLP that dives into this aspect albeit fulfilled by machines. In this blog, we’ll cover this topic, why it’s important in NLP, and how businesses use it to read human emotions from data like tweets, reviews, and more. 

Whether you’re a beginner or looking to brush up on your knowledge, this guide has something for everyone. Ready to get started? Let’s learn how to decode sentiment together!

What is Sentiment Analysis?

NLP Sentiment analysis, a subfield of NLP, is key to understanding the emotional tone of a text. Whether it’s reviews, social media posts, or customer feedback, this technique gives you public opinion.

This analysis is usually done using Python. Python has many libraries like NLTK (Natural Language Toolkit), VADER, and TextBlob that make the analysis accessible even for a beginner. 

The Basics of Sentiment Analysis

The analysis is used to determine if a given text is positive, negative, or neutral. It’s used in many industries to analyse customer opinions, predict market trends, or even monitor brand reputation.

The sentiment analysis tools primarily include:

  • Lexicon-based: Uses predefined dictionaries of words that have been assigned a positive, negative, or neutral score.
  • Machine learning-based: Models are trained on labelled datasets to classify the sentiment of text.

To gain a better idea of this, opt for AI and ML courses that elaborate vastly on sentiment analysis tools.

Setting Up the Environment

Before we start, you need to set up your Python environment. Install the required libraries NLTK, TextBlob, and VADER.

Here’s how you can do that:

bash

pip install nltk

pip install textblob

pip install vaderSentiment

Also, don’t forget to import some additional libraries such as pandas and matplotlib for data manipulation and visualisation:

bash

pip install pandas matplotlib

Data Preprocessing: Cleaning the Text

Text data is often messy and contains noise like punctuation, stop words, and special characters. Cleaning the data is an essential first step to ensure accurate analysis.

Here are the steps:

  • Convert to lowercase: Makes the text uniform.
  • Remove punctuation and special characters: Cleans up the text.
  • Tokenisation: Breaks the text into individual words or phrases.
  • Stopword removal: Removes common words (e.g., “and,” “the,” “is”) that don’t contribute much to the sentiment.

Here’s how to implement this in Python using NLTK:

 

import nltk

from nltk.corpus import stopwords

from nltk.tokenize import word_tokenize

import string

# Download the stopwords package

nltk.download(‘stopwords’)

nltk.download(‘punkt’)

# Sample text

text = “The product is really good, but the service was terrible!”

# Convert to lowercase

text = text.lower()

# Remove punctuation

text = text.translate(str.maketrans(”, ”, string.punctuation))

# Tokenisation

words = word_tokenize(text)

# Remove stopwords

filtered_words = [word for word in words if word not in stopwords.words(‘english’)]

print(filtered_words)

Lexicon-Based Sentiment Analysis

Now that our data is clean, we can apply this analysis using lexicon-based approaches. Python libraries like VADER and TextBlob make this task easy.

  1. Using VADER

Here’s an example of using VADER:

from vaderSentiment.vaderSentiment import SentimentIntensityAnalyzer

# Initialize the VADER sentiment analyzer

analyzer = SentimentIntensityAnalyzer()

# Analyze sentiment of a sample text

text = “The product is awesome but the service was terrible!”

sentiment = analyzer.polarity_scores(text)

print(sentiment)

Output:

bash

{‘neg’: 0.297, ‘neu’: 0.438, ‘pos’: 0.265, ‘compound’: -0.0516}

Negative: 29.7%

Neutral: 43.8%

Positive: 26.5%

Compound: A single value representing the overall sentiment.

The compound score ranges from -1 (most negative) to 1 (most positive).

  1. Using TextBlob

Here’s how to implement sentiment analysis using TextBlob:

from textblob import TextBlob

# Sample text

text = “The product is amazing but the service was horrible!”

# Create a TextBlob object

blob = TextBlob(text)

# Perform sentiment analysis

sentiment = blob.sentiment

print(sentiment)

Output:

bash

Sentiment(polarity=0.1, subjectivity=0.9)

Polarity: Ranges from -1 (negative) to 1 (positive).

Subjectivity: Ranges from 0 (objective) to 1 (subjective).

Machine Learning Techniques

While lexicon-based methods are simple and effective, they may not always be accurate, especially when analysing complex texts or industry-specific jargon. Here’s an example of using scikit-learn to implement machine learning-based sentiment analysis:

 

from sklearn.model_selection import train_test_split

from sklearn.feature_extraction.text import TfidfVectorizer

from sklearn.linear_model import LogisticRegression

from sklearn.metrics import accuracy_score

# Sample dataset

texts = [“The product is amazing!”, “I hate this service”, “It’s okay, not the best”]

labels = [1, 0, 1]  # 1 is positive, 0 is negative

# Split the data into training and test sets

X_train, X_test, y_train, y_test = train_test_split(texts, labels, test_size=0.2, random_state=42)

# Convert text to TF-IDF features

vectorizer = TfidfVectorizer()

X_train_tfidf = vectorizer.fit_transform(X_train)

X_test_tfidf = vectorizer.transform(X_test)

# Train a logistic regression model

model = LogisticRegression()

model.fit(X_train_tfidf, y_train)

# Predict sentiment

predictions = model.predict(X_test_tfidf)

# Evaluate the model

accuracy = accuracy_score(y_test, predictions)

print(f”Accuracy: {accuracy}”)

Wrap Up

Sentiment analysis in Python is easy and works well with the right tools and libraries. While lexicon-based methods like VADER and TextBlob are easy to use and work well for simple tasks, more advanced use cases require machine learning-based approaches.

For professionals looking to use AI strategically an executive programme in AI for Business is the way to go. These programs offer leaders the knowledge to use AI in decision-making, customer insights, and competitive strategy. 

Grow your business by mastering AI technologies like sentiment analysis today!

Frequently Asked Questions

What is sentiment analysis?

Sentiment analysis is a technique in natural language processing (NLP) that classifies emotions or opinions in text as positive, negative, or neutral.

Why should we use sentiment analysis?

It helps businesses understand customer feedback, monitor brand reputation, and predict trends by reading public sentiment from reviews, social media, and other data sources.

What are the methods used in sentiment analysis?

Lexicon-based and machine-learning models are used, with tools like VADER, TextBlob, and more advanced machine-learning algorithms.

How accurate is NLP sentiment analysis?

Accuracy depends on the model and data quality. Lexicon-based methods are simpler while machine learning models are more precise.

Sentiment Analysis How Crucial is it for Brands?

Sentiment analysis, also commonly known as opinion mining is a crucial channel for brands to track what people are saying from a sentiment analysis perspective. Sentiment analysis is a process of determining the emotional tone behind words, through which you can gauge attitude, emotion or opinion of the consumer. Uses of sentiment analysis come mostly from social media where you can analyse on a broader perspective about what people are thinking or saying about certain topics. There are specific social media sentiment analysis tools which work to make the process less cumbersome, also allowing real-time monitoring capabilities. This is truly exciting, especially at times when social data is so widely available, sentiment analysis can prove to be very powerful. And this practice of extracting insights from social data is getting popular and widely used by many organisations across the world, from influencing stock markets to voter banks at the time of elections.
Automated sentiment analysis is a process through which you train the computer to identify the sentiment behind the words expressed automatically with the use of Natural Language Processing. Sentiment analysis measurement platforms apply various techniques and statistical methodologies to examine sentiments over the web. Some rely completely on automated sentiment, while others rely on statistical methodologies, there are also some which use a hybrid method.
Decisions made using sentiment analysis as a metric are very useful, more so when they are used in combination with other techniques, using it in isolation might not be a very good idea. So in an example, American Idol’s voting results for each candidate were predicted using sentiment analysis. At the base of this project, the company was not only analysing the social sentiment towards each contestant but also the volumes of social media mentions, so they were analysing the volumes and the sentiment along with the trends over the past few weeks, they found that the result was more accurate with the actual voting results, when they used a combination of the variable rather than the sentiment alone.
With the same philosophy, sentiment analysis along with other techniques will be of great use, to not only tell you about what people are thinking but to also analyse what people are thinking about your product in comparison with competitors. Based on these findings an organisation can,

  1. Tweak Marketing Strategies
  2. Accurately Evaluate Return On Investment
  3. Make Possible Product Modifications
  4. Better Serve Customers
  5. Be Better Equipped to Manage Situation of Crisis
  6. Build Positive Company Image and Thus Increase Customer Base
  7. Increase Revenue

Companies on a whole recognise the impact of sentiment analysis and are building insights to, enhance their brand image, attract new customers, they also use sentiment analysis for problem-solving.
To be more precise, wise organisations are strongly using sentiment analysis to be innovative in understanding the consumers and subsequently powering their brands.
Companies are using Predictive analysis to observe early trends in customer behaviour and thus track product feedback in the infant stage, insights from which can be used to drive the evolution of products or service development.
Companies are also using sentiment analysis for Brand Management, where they try to notice the trend between their own product or service with that of the competitors, by doing so it unleashes massive potential to get real-time feedback, to help drive strategies and evaluate its impact.
Another exciting anecdote from the world of Data Science, attesting the power of analytics and the evolution of it, which can impact our lives in so many ways. Sentiment analysis is very exciting and beneficial when applied sensibly with other variables.
Watch this space until next week for the big news!