Capturing Value

with Text Analytics

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80% of Data is Unstructured

This fact means that decision-makers

often rely on only 20% data.

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What is Text Analytics?

• Social media text analytics, also known as text mining, is a technique to

extract, analyze, and interpret hidden business insights from
(unstructured) textual elements of social media content.

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Types of Social Media Text

• Dynamic Text
• Static Text

• Both dynamic and static text are subject to analytics.

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 Types of Social Media Text

• Dynamic Text
• Dynamic text is a real-time social media user-generated text or statement to
expresses an opinion about content or information posted over social media.

• Dynamic text is usually smaller in length (e.g., a couple of sentences), diverse in

nature, and is updated or deleted more frequently.

Examples:
• Tweet
• Comments
• Discussion
• Conversation
• Reviews

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Types of Social Media Text
• Static Text
• Static social media text is usually large in length (e.g.,
several paragraphs) and is generated, updated, or deleted
less frequently.

Examples:
• wiki content
• a blog page
• Word documents
• Corporate reports
• electronic mail (e-
mail), and
• news transcripts.
Copyright © 2018 Gohar F. Khan 6
Text Industry

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Applications for Text Analysis

• Social media data

• Surveys
• ‘Reading’ email
• Call centre data
• Abstracts
• Document management
• Corporate history
• Scientific publications
• Thematic understanding of website
• Database notes

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Purpose of Text Analytics
Sentiment
Analysis

Perpose of Social
Concept Trends
Mining Media Text Mining
Analytics

Intention
Mining

Figure 1. Purpose of social media text analytics

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 Purpose of Text Analytics
• Sentiment Analysis
• Sentiment analysis analyzes and categorizes social
media text (mostly dynamic text) as being positive,
negative, or neutral.

Copyright © 2018 Gohar F. Khan 12

 Purpose of Text Analytics

• Intention Mining
• Intention or intent mining aims to discover users’ intention
(such as buy, sell, recommend, quit, desire, or wish) from
media text.

• Can be used to find new potential customers who

intend to buy a product (or services), and

• service existing customers who have trouble with a

product.

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Purpose of Text Analytics

• Trends Mining
• Trends mining, also known as predictive analytics, is
used to predict future events.

• Google flue trends (closed now)

• Google correlate (inverse of flue trends)
• Google Trends

• Vast amount of social media data (e.g., comments

and tweets) can be mined to identify patterns and
trends for new product development. 14
Purpose of Text Analytics

• Concept Mining
• Concept mining aims to extract ideas and concepts from
documents.

• Concept mining is useful in extracting ideas from large

amounts of static social media text, such as wiki content, a
web page, Word documents, and news transcripts.

• Concept mining can be employed to classify, cluster, and rank

ideas.

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 Text analytics mechanism

Concept Maps

Text Attract
Attitudes
Clustering
Grow
Surveys Categoriza-
tion

Text NLP Retain

Actions Concepts
Web Trending
Channel Outcomes
Information
Extraction

Business UI
Operational Fraud
Systems
Attributes
Prediction
Customer Data Expert UI Business
Data Collection User

Copyright 2003-4, SPSS Inc. 16

 Key players

• IBM (Watson Analytics for SM; could based); IBM SPSS Text Analytics for
Surveys (on premise)

• Lexalytics (Semantria) (both)

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 Social Media Text Analysis Tools

• Lexalytics: Lexalytics (http://www.lexalytics.com/) is a social media text and semantic analysis tool for social
media platforms, including Twitter, Facebook, blogs, etc.

• Discovertext: Discovertext (http://discovertext.com/) is a powerful platform for collecting, cleaning, and

analyzing text and social media data streams.

• Tweet Archivist: Tweet Archivist (https://www.tweetarchivist.com/) is focused on searching, archiving,

analyzing, and visualizing tweets based on a search term or hashtag (#).

• Twitonomy: Twitonomy (https://www.twitonomy.com/) is a Twitter analytics tool for getting detailed and
visual analytics on tweets, retweets, replies, mentions, hashtags, followers, etc.

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Social Media Text Analysis Tools

• Netlytic: Netlytic (https://netlytic.org) is a cloud-based text and social

network analytics platform for social media text that discovers social
networks from online conversations on social media sites.

• LIWC: Linguistic Inquiry and Word Count (LIWC) is a text analysis tool
for analyzing emotional, cognitive, structural, and process
components present in individuals’ verbal and written speech
samples: http://www.liwc.net/

• Voyant: Voyant (http://voyant-tools.org/) is a web-based text reading

and analysis. With Voyant, a body of text can be read from a file or
directly exported from a website

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 Text analytics in action

• https://netlytic.org

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 Text Analytics Issues

• Lack of a business case

• It is Resources Hefty
• Sentiments are Complex
• Data is Contextual
• Issues with international text

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