Not my experience..
What does a “tech failure” look like? Do the servers catch fire? Is the web site down? Maybe people are unable to login to their stations?
Hi-tech business is “Tech”, so the failure of the business is in fact the tech failing. More specifically, the business was unable to direct the tech to solve real problems and solve them well enough.. New hires took too long to onboard.. Engineers were only superficially productive.. Communication between the stake holders and engineers was lacking.. etc.. etc..
Take note that in all scenarios above “work” is being done, “progress” is being made.. ceremonies are everywhere and success is seemingly around the corner.. Or is it?
It’s just very hard to see these issues, they are hidden under layers of meetings, firings, hiring, pivots, milestones with little progress in actual business value.