Technology must adapt to the Business not the other way

My involvement with the software industry for the last few years led me to believe that there is a huge gap between technology and business, not just in technology terms but in terms of business orientation of our technical manpower. Most of the project failures/time overruns/cost overruns can be attributed to this factor. I am not sounding like Nicholas G. Carr (Does IT matter?), I am clearly touched by IT in my personal as well as work life. I think business as a discipline evolves less of technological factors than other factors. So technology has to play the catch up game with business.

The recent trends in BPM/SOA may be a pointer towards that direction.