The old horizon scanning function really has become a much more complex, dynamic, and rewarding activity in the current era.

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That dynamic prompted a flurry of activity by established players that suddenly found themselves a step behind a big digital trend.

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With only 25 large companies in its holdings, FXI may not have the most dynamic firms likely to benefit from entrepreneurial private activity.

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"Construction activity generally, general construction, civil engineering and housing, have a vital, dynamic effect on getting an economy going, " he said.

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