Final answer:
The statement is true. The adoption of innovative IT solutions can lead to significant productivity gains.
Step-by-step explanation:
The statement There is seldom much lag time between the application of innovative IT solutions and the capture of significant productivity gains is True. The adoption of new and innovative IT solutions can lead to significant productivity gains for businesses. This is because these solutions often streamline processes, automate tasks, and improve overall efficiency.
For example, the implementation of cloud computing technology allows companies to store and access data from anywhere, leading to increased collaboration and productivity. Similarly, the use of project management software helps teams track and manage tasks more effectively, resulting in improved productivity.
Overall, leveraging innovative IT solutions can have a positive impact on productivity by reducing lag time and capturing significant gains.