1 00:00:04,500 --> 00:00:07,570 In this lecture, we have seen a particular application 2 00:00:07,570 --> 00:00:10,230 of sentiment analysis on Twitter. 3 00:00:10,230 --> 00:00:13,940 However, the area of sentiment analysis is much broader. 4 00:00:13,940 --> 00:00:17,770 Over 7,000 research articles have been written on the topic. 5 00:00:17,770 --> 00:00:21,570 Hundreds of start-ups are developing sentiment analysis 6 00:00:21,570 --> 00:00:22,610 solutions. 7 00:00:22,610 --> 00:00:25,630 Many websites perform real-time analysis of tweets. 8 00:00:25,630 --> 00:00:27,870 For example, "tweetfeel" shows trends 9 00:00:27,870 --> 00:00:30,300 given any term, and "The Stock Sonar" 10 00:00:30,300 --> 00:00:34,820 shows sentiment and stock prices. 11 00:00:34,820 --> 00:00:38,980 Let's talk about text analytics a bit more generally. 12 00:00:38,980 --> 00:00:41,210 Sentiment analysis is a particular application 13 00:00:41,210 --> 00:00:42,420 of text analytics. 14 00:00:42,420 --> 00:00:45,750 In general, the critical aspect of text analytics 15 00:00:45,750 --> 00:00:47,960 is to select the specific features that 16 00:00:47,960 --> 00:00:51,030 are relevant in a particular application. 17 00:00:51,030 --> 00:00:56,660 In addition, it's important to apply specific knowledge that 18 00:00:56,660 --> 00:00:58,360 often leads to better results. 19 00:00:58,360 --> 00:01:03,470 For example, using the meaning of the symbols or include 20 00:01:03,470 --> 00:01:05,390 features like the number of words. 21 00:01:08,450 --> 00:01:10,870 Let's finally discuss the analytics edge 22 00:01:10,870 --> 00:01:13,640 that we have seen in this lecture. 23 00:01:13,640 --> 00:01:16,170 Analytical sentiment analysis we have seen 24 00:01:16,170 --> 00:01:20,800 can replace more labor-intensive methods like polling. 25 00:01:20,800 --> 00:01:24,150 Text analytics can also deal with the massive amounts 26 00:01:24,150 --> 00:01:27,789 of unstructured data being generated on the internet. 27 00:01:27,789 --> 00:01:29,590 Computers are becoming more and more 28 00:01:29,590 --> 00:01:31,740 capable of interacting with humans 29 00:01:31,740 --> 00:01:34,550 and performing human tasks. 30 00:01:34,550 --> 00:01:37,560 In the next lecture, we'll discuss IBM Watson, 31 00:01:37,560 --> 00:01:41,789 an impressive feat in the area of text analytics.