Digitisation and AI driving growth of new gen businesses

The new generation of enterprise made its presence strongly felt at the 15th Nicosia Economic Congress this week, proving that change is already underway in the growing local economy.

This year’s congress, presented by Hellenic Bank, a member of the Eurobank Group, showcased the millennial vision for Cyprus’ economy and enterprise — clearly highlighting a shift toward dynamic and technology-driven growth.

The new generation of entrepreneurs demonstrated that they possess the necessary digital skills, social awareness, and ambition to reshape the country’s business landscape. Participants engaged in discussions on the challenges and major opportunities emerging in the modern business world.

Among them was Christos Eojourian, Head of Technology & Digital at Hellenic Bank, who took part in a panel discussion on strengthening Cyprus’ ICT sector, the tech trends influencing businesses, and the prerequisites for meaningful digital transformation.

Eojourian spoke about the banking sector’s transition to cloud technologies, the integration of machine learning mechanisms, the need for automated processes, customer behaviour analytics, and providing a flexible and seamless digital experience for clients.

He also focused on the importance of leveraging Generative AI as a strategic tool, while stressing the ethical use and responsible management of data.

Additionally, Eojourian addressed the challenges of implementing digital transformation strategies, citing a lack of specialised talent, difficulties with legacy systems, and regulatory hurdles.

As he emphasised, there is an urgent need for collaboration among all stakeholders — public sector, private sector, and academia — to shape a shared digital vision for Cyprus.