logo
logo
Sign in

News Monitoring for Banking & Finance

avatar
Lily Thomas
News Monitoring for Banking & Finance

The metaverse has been around for more than 30 years, yet news monitoring shows that media frenzy has piqued lately due to some major factors in recent times. After all, when a tech mammoth like Microsoft invests US$69 Bn in purchasing Activision Blizzard, owner of legendary video game franchises like Call of Duty and Candy Crush Saga, in order to have a foothold in the metaverse, it gets noticed. Media hype also gained momentum after Facebook changed its name to Meta in a major rebrand after announcing its investment decision, notwithstanding the hilarious memes that mushroomed after the news.

Metaverse news analysis shows that investors are confident that the metaverse will ultimately replace live entertainment, something along the lines of Lil Nas X’s virtual performance in Robolox. Unlike virtual reality (VR) and augmented reality (AR) games today, where one picks up where one has stopped, in an idealistic metaverse, the experience is in perpetuity, where everything continues despite a person logging off.

Tech investors and companies, NFT shareholders, investors in AI and emerging technologies, stock investors, the cryptocurrency market, and others are betting on a whole new economy, estimated to be worth trillions of dollars, that can be built in this virtual world, per news sentiment analysis.

Given this background, we decided to analyze sentiment surrounding the metaverse. We analyzed over 10,000 news articles talking about Metaverse using Repustate’s news monitoring tool to know exactly what the dominant topics in all this big data were, and what they were all about.

Here are some insights you might like.

What Insights Did We Find When We Scanned News Sites For Metaverse?

News sentiment analysis with Repustate IQ found that the metaverse had a generally positive sentiment in the financial industry. Metaverse news analysis also showed varying sentiments about Facebook joining the bandwagon. Further, Repustate IQ recognized several terms or entities popping up frequently such as blockchain, Facebook, and others.

Below we discuss these and other major insights, and the factors behind them, in detail.

1. Sentiment trend

Metaverse news analysis reflects the positive sentiment in the industry. Analysts at PWC predict that the metaverse ecosystem may be worth US$1.5 Trillion by 2030. Much of this is because tech companies believe that eventually, the metaverse will become interoperable, meaning that you can carry virtual items from one platform to another, thus catalyzing a whole new economy. This is the idea behind Facebook’s or Meta’s high profile announcement of its investing US$10 Bn in the metaverse - ten times what it paid for the purchase of Instagram. Mark Zuckerberg believes he will make billions selling virtual clothes.

In short, tech companies investing in the metaverse hope to control a dominating portion of the Trillion-dollar digital economy.

The negative sentiment, however, reflects cautious investors and market watchers who buy into the idea of Metaverse’s virtual economy but believe that plans will come to fruition but ofcourse once the metaverse becomes mainstream - something that will take a long time.

2. Sentiment distribution trend and Overall sentiment

Metaverse news analysis indicates that the general sentiment around the metaverse is positive, as can be seen in the screenshot below. The Repustate news monitoring platform identified 13 key aspects from such stories related to the metaverse and related news. The data showed that there was more positive content in January covering over 13 aspects.

This ties in with investment reports that showed that US$1.9 Bn of venture capital was invested in AV and VR companies towards the end of 2021. This included startups and hardware companies that manufacture google, headsets, screens, and keyboards 2021. Significantly, similar news stories of how AppliedVR received an FDA breakthrough designation for its platform’s use in chronic lower back pain and treatment-resistant fibromyalgia in October 2011 have driven positive sentiment. AppliedVR already offers VR-based therapeutic treatments to more than 30,000 patients in more than 240 health systems globally. The company recently collected US$29 Mn from investors like JAZZ Venture Partners, GSR Ventures, F-Prime Capital, and Cedars-Sinai.

3. Size of Data Source

Our Metaverse news analysis showed the total number of articles with positive sentiments as well as the total number of sources it got the information from. The news monitoring platform thus allows you to see how many exact articles show what sentiment.

In this case, we see that 8092 of the 10,114 articles were positive.

4. Most common Entities 

The ability to identify, extract, and analyze sentiment from entities is a critical part of news monitoring services. Repustate IQ’s news monitoring algorithm extracted several entities from the news articles, as can be seen in the screen-grab below. These are terms that had the most overlap and occurred most frequently throughout the 10,000+ articles.

5. Average sentiment score

Repustate’s sentiment API for news monitoring also gives you the average sentiment score. Here, we see that it rests at 66%.

6. Language-based sentiment analysis

The multilingual capability of Repustate IQ automatically detects the language in the data by using native speech taggers and gives you the total languages break-up. This can tell you about the audience demographic.

7. Sentiment score of specific terms

You can find out the sentiment score of specific terms in the news monitoring. For this example, we chose the term Facebook. The sentiment score of the term Facebook is lower less positive than average. Repustate IQ’s Metaverse news analysis thus shows that the market is less than enthusiastic about the company’s entry. To understand this, let’s know a little more about the background.

How News Monitoring Works

Machine learning-based news monitoring is a culmination of several algorithms working in sync. There are 4 steps to the entire process, comprising several ML subtasks that include video content analysis, text analytics, natural language processing, sentiment analysis, and others.

In a brief overview of the process

  • Step 1 comprises data collection i.e. all the news sources for your subject
  • Step 2 includes processing of all this data to extract entities, aspects, video analysis, and the like
  • Step 3 is where the processed data gets analyzed by a sentiment analysis API; And
  • Step 4 is eventually when all the news monitoring insights are presented on a visualization dashboard in the form of charts and graphs.


collect
0
avatar
Lily Thomas
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more