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Frequently Asked Questions

Who Is Roman Semiokhin?

With a wealth of experience in the tech industry, serial investor, entrepreneur and philanthropist Roman Semiokhin has a unique understanding of what it takes to build a successful business and keep it on track.

What Other Causes Is Roman Semiokhin Involved With?

Roman Semiokhin has a long history of philanthropic activity, including spearheading projects in education, medicine, construction, real estate and agriculture. In his region of origin, Bryansk, Russia, he is deeply invested in a variety of different causes, including plans to build a medical facility, using this as a blueprint for eventual emulations across many other regions of Russia.

In the wake of devastating wildfires in Cyprus, he pledged €500,000 to fund aid efforts. He also donated ₽ 40 million roubles and EUR €1 million to Russia and Cyprus respectively to finance counter-COVID-19 efforts.

How Has COVID-19 Changed the Business World?

2020 was a lesson against complacency for businesses, highlighting the importance of adaptability and for small to medium-sized enterprises to plan for the unthinkable by devising disaster recovery strategies.

The pandemic forced businesses to become increasingly customer-centric, focussing on how they operate and the value they offer rather than just concentrating on making a profit. Many industrial sectors were completely transformed by the pandemic, particularly events and hospitality. For businesses to survive, leadership had to respond quickly to emerging challenges and opportunities.

What Are the Business Benefits of Embracing AI?

Automation and AI present huge advantages for business leaders, streamlining operations, making businesses more productive and efficient, and ultimately increasing profitability. Already widely adopted in the healthcare and manufacturing industries, AI is becoming increasingly affordable and prevalent in virtually every industry.

How Did the Pandemic Speed Up Digitalization?

Prior to the arrival of COVID-19, many businesses were already investing in AI and automation. However, with stay-at-home orders, school closures and social distancing changing many aspects of day-to-day life, the pandemic sparked the proliferation of AI, with interactions switching from face-to-face to virtual overnight, and companies all over the world embracing remote working practices to help them carry on trading.

How Does Roman Semiokhin Plan to Innovate the Education Sector in Cyprus?

One of Roman Semiokhin’s current goals is to harness the power of the latest technology and research to revolutionise learning in Cyprus, culminating in the creation of an innovative educational institution that promotes effective, genuine learning. Having witnessed his son and two daughters’ experiences with primary education, Roman Semiokhin is a passionate advocate for positive change.