The car took 62 years to reach 50 million users, the TV did it in 22 years, and Facebook managed the same feat in just three years. In today’s fast-changing world, companies must adapt to survive. So how can a company stay relevant in this environment? Iain Fulton, Investment Director at Nikko Asset Management, says that it’s not good enough to invest in what’s relevant today, you must invest ahead of the curve. He shares the example of TransUnion, the American credit reporting agency. Five years ago, TransUnion begun investing in cloud-based infrastructure so they could deliver faster and more detailed credit information to their clients. Today, they’re reaping the benefits as they can now charge a higher price than their competitors. Watch the full video below to why some companies fail to stay relevant. For further cutting edge insights from Australia's and the world's leading fund managers visit www.livewiremarkets.com
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