Innovation

Innovation refers to the process of developing and implementing new ideas, products, services, or methods that create value or improve existing solutions. It involves originality and creativity in thinking, leading to advancements and improvements that can significantly enhance processes, efficiency, or user experiences. Innovation can occur in various domains, including technology, business, education, and social practices, and can be incremental (small improvements) or radical (transformative changes). The goal of innovation is often to solve problems, meet new demands, or capitalize on emerging opportunities, driving progress and competitive advantage in different fields. Thus, innovation is a key driver of economic growth and societal advancement.