> IT projects that cost billions are incomprehensible to me, outside of frontier work
Getting a large bureaucracy to agree on a question where any answer will disadvantage some members of it is frontier work. No-one has a good general solution. Very few people even have approximate solutions for a few special cases.
> is there no space in the market for a good software consultancy? Or are they just outcompeted for getting the contract?
You can't grow big enough to bid on these big projects and stay good.
Getting a large bureaucracy to agree on a question where any answer will disadvantage some members of it is frontier work. No-one has a good general solution. Very few people even have approximate solutions for a few special cases.
> is there no space in the market for a good software consultancy? Or are they just outcompeted for getting the contract?
You can't grow big enough to bid on these big projects and stay good.