The Influence of Social Media Feedback on Product Development: A Statistical Perspective

Authors

  • Arun Kumar Chaudhary
  • Kapil Shah
  • Lal Babu Sah Telee
  • Suresh Kumar Sahani

Keywords:

Social Media Analytics, Product Development, Customer Feedback', Sentiment Analysis, Statistical Evaluation, Consumer Insight, Innovation Strategy, Regression Modeling, Natural Language Processing (NLP), Design Optimization

Abstract

Customer sentiment is at the core of creating new product development, particularly via social media platforms. Numerically, this study evaluates customer sentiment gathered via social media sites as a predictive and formative component in cyclical product innovation and strategic design. Via statistical modeling, natural language processing, and sentiment analysis, the study quantifies consumer sentiment influence on design choices and product improvement. A multivariate regression model was employed to measure the impact of sentiment score categories, frequency of mentions, and engagement levels on feature updates. Empirical findings relying on data collected from Twitter and Reddit posts for three technology firms spanning 24 months show a statistically significant connection (R² = 0.81, p < 0.01) between sentiment strength and feature updates. The findings validate a customer-focused product strategy framework and propose a data-driven design feedback loop-based predictive blueprint.

Downloads

Published

2023-06-23

How to Cite

Arun Kumar Chaudhary, Kapil Shah, Lal Babu Sah Telee, & Suresh Kumar Sahani. (2023). The Influence of Social Media Feedback on Product Development: A Statistical Perspective. Utilitas Mathematica, 120, 1278–1292. Retrieved from https://utilitasmathematica.com/index.php/Index/article/view/2345

Citation Check

Most read articles by the same author(s)

Obs.: This plugin requires at least one statistics/report plugin to be enabled. If your statistics plugins provide more than one metric then please also select a main metric on the admin's site settings page and/or on the journal manager's settings pages.