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However, in the typical scenario, the development cycle often stretches to around three years. This extensive timeframe includes countless hurdles such as research, development, testing, and internal alignment. Given this substantial duration, it becomes clear why most enterprise solutions are a few years behind the latest technological breakthroughs.
The Myth of Rapid Innovation in Large Enterprises
The widespread assertion that only 5% of initiatives succeed makes more sense when viewed through the lens of technology maturity and project timelines. Since all these endeavors are rooted in relatively outdated technology—a minimum of two years old—they reflect the challenges and delays inherent in enterprise-scale innovation.