There are certain things you might have trouble getting Java to perform, such as strict latency requirements. Another language might be more suitable for that. But that generally doesn't describe business software.
Desktop software is somewhere you probably don't want to use Java. Although if it's business desktop software, it might be a good fit since it can be cross platform (but ugly - but if it's business, it might not matter). We've built several desktop apps for warehouse computers in Java.
Getting the JVM on a machine may or may not be a hurdle. This is one of many reasons why Go is getting popular - you can just build a binary.
The positive of Java is that if you want to do something in it, someone else has probably tried. It has several large organizations backing professional quality libraries and frameworks that have had a ton of resources poured into them. It's easy to build on the shoulders of giants while relying on 3rd party libraries that don't have a bus factor of 1 - this is rare in many other languages.
If you want stability and well trodden paths, it's hard to go wrong with Java. We've had projects that continued to just work from Java 1.4 to Java 8 - a span of almost 15 years without ever having to touch the code. Java 9 was a bit of a hurdle because of project Jigsaw.
