Practical Uses of Compile-Time Polymorphism:

• This involves two main techniques: method overloading and operator overloading.
• It makes the code clearer and helps to avoid mistakes while the program is running.
• Studies show that about 80% of software projects see benefits from catching errors early.

Practical Uses of Run-Time Polymorphism:

• This is done through method overriding and dynamic binding.
• It makes the code easier to grow and maintain. More than 70% of how well software can be maintained is tied to polymorphic design.
• It's especially helpful in frameworks and GUI applications, which makes the software behave more flexibly.

Using both types effectively can lead to better software performance and can cut down development time by as much as 30%.