Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or processes that bring about significant improvements or advancements. It can involve the introduction of novel concepts or enhancements to existing solutions to meet evolving needs or challenges in society, business, or technology. Innovation is often driven by creativity and the desire to improve efficiency, effectiveness, and overall quality of life. It can occur in various forms, including technological innovation, social innovation, or business model innovation, and is considered a key factor in economic growth and competitive advantage.