Collaboration with Mute's and FRONTEO, which provides the natural language processing AI engine "KIBIT", for services for the pharmaceutical and dispensing pharmacy industry

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2019.09.30 Press release

--To the press -

Collaboration with Mute's and FRONTEO, which provides the natural language processing AI engine "KIBIT", for services for the pharmaceutical and dispensing pharmacy industry

~ "KIBIT Partner Network" Gold Partner * Certified as the first company ~

FRONTEO Inc.
Masahiro Morimoto, President and CEO
2-12-23 Konan, Minato-ku, Tokyo
(Code number: 2158 TSE Mothers)
(NASDAQ ticker symbol: FTEO)

We are engaged in system development specialized in the pharmaceutical and medical industry, development of Internet related systems, planning and operation, and promotion services.Mythos Co., Ltd.(Headquarters: Osaka City, Osaka Prefecture, President: Shinji Toyama, hereinafter referred to as "Mutes") and the artificial intelligence (AI) engine "KIBIT" developed independently perform data analysis specialized in natural language processing.FRONTEO Inc.(Headquarters: Minato-ku, Tokyo, President: Masahiro Morimoto, hereafter FRONTEO) today announces that it has formed a partnership with the aim of solving various issues in the pharmaceutical and dispensing pharmacy industries.

[Background of business alliance]

In the pharmaceutical industry, drug prices are being reduced and the switch to generic drugs is being promoted against the backdrop of rising national medical expenses due to the aging of the population, and major reforms are being urged to secure profits.Furthermore, in April 2019, the guidelines for sales information provision activities for medical drugs were enforced, and more appropriate activities are required, and it is required to provide drug safety information accurately and promptly.Under such circumstances, each company is actively adopting new technologies such as AI, IoT, and big data.

Based on the business know-how of pharmaceutical companies cultivated through system introduction and operation, Mute's is a FRONTEO for the department that provides information such as MR and MSL and the safety management department that manages information such as side effects. By promoting the introduction of "KIBIT", we aim to realize business reforms so that pharmaceutical companies can carry out more accurate and efficient operations without deviating from regulations and other rules.

[Outline of business alliance]

In the pharmaceutical and medical industry, Mute's supports the business of our customers by developing and operating systems, especially in the sales and safety management departments of pharmaceutical companies.We will provide new added value to our customers by promoting the introduction of "KIBIT" in the business fields that the company specializes in.

Solutions to be introduced by "KIBIT"
・ Sales support system for MR
・ Side effect information collection and management system (MESICOT)

In the sales support system for MRs, using "KIBIT" makes it easy to analyze activity trends from the contents of daily and weekly reports.In addition, as a response to the urgent issue of sales information provision activity guidelines, it will be possible to check the report contents one by one, starting with the ones whose MR activities are likely to conflict with the guidelines.

In the side effect information collection and management system (MESICOT), by using "KIBIT", it is possible to match with past cases and to simplify the inquiry work from MR to the safety management control department.

With the introduction of "KIBIT", not only will it be possible to perform an amount of work that could not be done by "human" work, but it will also be possible to carry out that work at an overwhelming speed.Even if it is difficult for people to make judgments or the judgment criteria differ from person to person, KIBIT can quickly and always make judgments based on the same criteria.It is the best tool for customers who are required to change their business, and Mute's will utilize the business know-how so far to support from introduction to operation so that the effect can be demonstrated.

[Future prospects]

By supporting the introduction of "KIBIT", Mute's will improve the business of customers who have problems, and in the future, not only solve the problems, but also reduce the cost and labor required from before the introduction to after the operation. We plan to deepen the cooperation between the company's system and "KIBIT" so that customers can use it more easily. FRONTEO will share the know-how of AI introduction and operation that it has cultivated so far with Mute's, and promote business expansion together.

 

About "KIBIT Partner Network"
An arm's length sales alliance program based on a certification system to accelerate the introduction and spread of the artificial intelligence (AI) engine "KIBIT" in the business domain.Independent businesses that have sales tie-ups under this certification system are called "partners."We offer three levels of certification, "Gold", "Silver", and "Bronze", according to the expertise and collaboration level of our partner companies.We provide comprehensive support and sharing of skills and knowledge necessary for solving problems of client companies such as sales support, holding study sessions, and creating business plans.We also support the development of AI engineers based on KIBIT, the expansion of the solution portfolio in the areas of focus of partner companies, and the growth of the AI ​​business.
Conditions for Gold Partner Certification: In addition to data analysis skills, you have development skills that allow you to understand the specifications of KIBIT-Connect and implement them by taking advantage of their characteristics.

KIBITabout
"KIBIT" is an artificial intelligence engine originally developed by FRONTEO that combines Landscaping, an artificial intelligence-related technology, and behavioral information science.By combining the "subtleties" of the human mind (KIBI) and the unit of information "bits" (BIT), it means "artificial intelligence that can learn the subtleties of humans."By reading the meaning of sentences from texts and learning the tacit knowledge and feelings of people, it is possible to reproduce judgments and how to select information on behalf of people.

About Mythos Co., Ltd.
Mute's Co., Ltd. was founded in 2006 and has entered the medical and healthcare fields by developing its own SFA for the pharmaceutical industry, which was still scarce at that time.By helping pharmaceutical companies solve their problems and improve their operations, the company's services extend beyond the sales department to the areas of marketing and safety.Currently, the company's business domain covers not only the pharmaceutical industry but also hospitals, pharmacies, patients and citizens, and as an all-round company in the medical and healthcare fields from SFA pioneers for pharmaceutical companies, "Each person is healthy. We aim to create a world where people can live a prosperous life.

Establishment

July 2006

Capital

92,100 thousand yen

Business activities

1. System integration business

  • CRM system development, operation and maintenance service for pharmaceutical companies
  • Development / operation / maintenance service of side effect information collection management system
  • Application development / operation / maintenance service for smartphones
  • Other business system development / operation / maintenance services

2. Cloud service business

  • Business application services for pharmaceutical companies
  • Web conferencing / communication support service
  • Data analysis service
  • Medical product Pharmaceutical promotion material batch management service

3. Promotion business

  • Community management support service for medical professionals
  • Promotion site construction / analysis service for pharmaceutical companies

URL

https://www.mythos-jp.com/

CEO

President and CEO Shinji Toyama

Location

2-2-7 Kyutaromachi, Chuo-ku, Osaka Yamaguchi Kosan Sakaisuji Building TEL / 06-6266-0440

 

About FRONTEO Inc.
FRONTEO Inc.Since its founding in 2003, as a leading company in the development of artificial intelligence specializing in natural language processing, its main business has been the preservation, investigation and analysis of electronic data, which is necessary evidence in international proceedings.Furthermore, since 2014, based on the AI ​​technology cultivated in the legal tech business, we have realized reduction of work burden and improvement of work efficiency by detecting important meaningful data from a huge amount of text data. We continue to expand our business fields to finance, intellectual property, human resources, and medical care.

Establishment

July 2003

Capital

2,559,206 thousand yen (as of March 2019, 3)

Business activities

  • Legal Tech AI Business: e-discovery (electronic discovery) and fraud investigation support utilizing artificial intelligence and digital forensic technology.
  • AI Solution Business: Providing solutions that utilize artificial intelligence in the fields of business intelligence and healthcare.

URL

 https://www.fronteo.com/

CEO

Masahiro Morimoto, President and CEO

Location

2-12-23 Konan, Minato-ku, Tokyo Meishan Takahama Building TEL / 03-5463-6344

 

[Contact]

  • Mythos Co., Ltd.
    Inquiries regarding sales and press releases
    TEL: 06-6266-0440 E-mail: salesg@mythos-jp.com  Business Reform Promotion Office Manabe
  • FRONTEO Inc.
    Inquiry about press release
    TEL: 03-5463-6380 E-mail: pr_contact@fronteo.com  Public Relations Takahashi, Kawamoto