Unveiling Consumer Sentiments: Leveraging the VADER Algorithm for Product Analysis in the Digital Marketplace
Customer reviews, feedbacks and comments are crucial in digital marketing, shaping product perception and quality. This paper highlights the VADER algorithm's role in product analysis, using sentiment analysis, natural language processing (NLP), keywords, and design patterns to analyze customer reviews. By converting qualitative data into actionable metrics, organizations can measure satisfaction, identify pain points, and recognize trends. The study shows that using cloud computing and big data for product analysis enables rapid capture of extensive feedback, facilitating swift, informed decisions. Results indicate the algorithm's effectiveness in providing actionable insights, supporting innovation, enhancing reputation, and driving growth. Conclusively, this research underscores the significant impact of advanced analytics on understanding consumer sentiments and improving overall customer satisfaction, thereby driving business success.
Authors
- Gagan Deep Arora
- Eruva Akhil
- Reddy Saisindhutheja
- G Rama Swamy
- Vijay Sai Kumar Sudabathula
- Harshali Hemant Vadher
Publication Details
- Published
- 2024-11-22
- DOI
- https://doi.org/10.1109/aece62803.2024.10911711
- Primary Topic
- Stock Market Forecasting Methods
- Type
- article
- Field-Weighted Citation Impact
- 0.00