Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or methods that significantly improve existing solutions or answer unmet needs. It encompasses the introduction of advancements that enhance efficiency, effectiveness, and value in various fields, such as technology, business, and social issues. Innovation can take many forms, including incremental changes, which build upon existing concepts, or radical breakthroughs that transform industries or create entirely new markets. The underlying goal of innovation is to foster progress and drive growth by providing novel ways to solve problems or deliver benefits to users and society at large.