Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or processes that add value or improve existing systems. It encompasses the introduction of novel solutions that meet new requirements or unarticulated needs, which can lead to advancements in technology, business practices, and social change. Innovation can occur in various forms, including incremental improvements, disruptive breakthroughs, and radical changes. The goal of innovation is often to enhance efficiency, effectiveness, and competitiveness in various fields, and it plays a crucial role in driving economic growth and societal progress.