I've been keeping an eye out for information on Sentimetrix for the past 6 months or so. Today I came across this pdf document from UMaryland which gives a little bit of concrete information about the company:
With a University of Maryland College Park technology spurring the idea, a group of local businessmen and scientists have launched a new company that measures a tough to quantify concept – worldwide opinion.
SentiMetrix, of Bethesda, Md., was launched in fall 2006 by university professor V.S. Subrahmanian, graduate student Diego Reforgiato, and two businessmen who spent time with online giant AOL LLC, Vadim Kagan and Michael Rozenman. The company is based on Subrahmanian’s Opinion Analysis SYStem. commonly known as OASYS. It was developed at the University of Maryland Institute for Advanced Computer Studies, and is based on a series of complex algorithms.
“Recent surveys show that the marketing research market, including opinion research and brand monitoring, is growing rapidly, as new technologies get applied to electronic media, both professionally and consumer generated media,” Rozenman said. “We have started SentiMetrix because we believe that the OASYS technology is the best response to what these markets need today: sentiment tracking in multi-lingual data, done in a timely, cost effective way.”
OASYS, which was a finalist for the OTC Invention of the Year Award, is capable of tracking the media on the Internet in many languages, measuring the intensity of sentiment expressed on a variety of subjects. For this reason, it is unique, the businessmen say: most programs detect just “polarity” on a subject (like/don’t like, for example), and most are not multi-lingual.
So far, the founders said they intend to build “an extensive data collection operation” for traditional and consumer-generated media, including mainstream news, blogs and message boards, starting
first with English-language sources. They will then move on to other languages, starting with the most frequented Web sites.V.S. Subrahmanian
A SentiMetrix customer will use OASYS through a controlled access Web site, with a search engine-like interface available to run queries. A visual representation and quantitative data is available, and a free Web site with limited options will be developed as a market tool, Rozenman said.
Thus far, OASYS has won Computerworld Magazine’s 2006 Horizon Award, which goes to the most innovative pre-commercial technology.
Opinion analysis program leads to new start-up company
The most interesting paragraph in this text to me is (my emphasis):
OASYS, which was a finalist for the OTC Invention of the Year Award, is capable of tracking the media on the Internet in many languages, measuring the intensity of sentiment expressed on a variety of subjects. For this reason, it is unique, the businessmen say: most programs detect just “polarity” on a subject (like/don’t like, for example), and most are not multi-lingual.
Much of the published work on sentiment/opinion fails to really define what sentiment or opinion is (taking the machine learners path of least resistance: a data set, an algorithm and a result). As a customer, I'd firstly want to know what their precise definition of sentiment is and then how they measure intensity. In addition, there are many types of expressions which while not opinions or sentiment still convey important information about topics and products. For example 'my Hummer broke down' isn't a subjective, opinionated statement but closer to an objective reporting of facts. It is still an important class of statement to capture as it reflects on the quality of the product.
One of the challenges of creating a single valued metric for sentiment or opinion is that equally mixed (aggregated) opinion tends to score the same as neutral opinion. In the simple case, if you have 1 person expressing a strongly negative opinion and another expressing a strongly positive opinion, then the aggregate may be some number in the middle of the range (say, 0 in a -1 to +1 scale). However, let's say that for a topic there is no expression of opinion - that too would score a 0. From the description provided here of the system, it seems that OASYS may suffer from this problem.
There are a number of publications available describing the research in OAYS.