Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or methods that provide improved solutions to existing problems or meet new requirements. It encompasses both the generation of novel concepts and the practical application of these concepts to drive progress and enhance efficiency in various fields, including technology, business, and social practices. Innovation can manifest in various forms, such as incremental improvements to existing offerings, breakthrough inventions, or transformative changes that significantly alter industry landscapes. It is a key driver of economic growth and competitiveness, encouraging organizations and individuals to think creatively and embrace change.