Sentiment Analysis

While browsing the net to research an idea that has been at the back of my mind for quiet sometime (and gathering momentum recently working with a few friends), I stumbled upon a site which was pretty much already doing what I was hoping to do.

Sentiment analysis using text/data mining is already hot - there are sites that scan twitter messages and gather sentiments. See this one where I put the search term 'Obama' - you can change the term to anything else - say 'economy' or 'unemployment' etc and the bars on the left side will indicate the current sentiment.

http://twendz.waggeneredstrom.com/default.aspx?q=obama

I stumbled upon this while reading about the election results in India, and there are sites that have used Twitter Sentiment analysis to capture some important information.

For example look here :

Now, what we do will have to be different and unique, these folks have already executing and have gone commercial.

However, if you read this guy's blog and the comments under, you will see that this whole concept is still in it's infancy and there are potential for large variances -