I am working on a project where I need to ensure that LEDs will work for at least 5 years (powered 24 hours/day). I need LEDs to be addressable like COM-12986. Would this be a good choice (the LEDs don't need to be RGB they can be red (620nm in wave length))? What is the average lifespan of COM-12986 LEDs?
I've read on Electronics Weekly that in average an LED can last for up to 50,000 hours, is this correct?
Could I increase the lifespan of an LED by using PWM at 50% duty cycle?