Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or processes that improve upon existing solutions or address unmet needs. It involves the application of creativity and technological advancement to develop novel concepts that can enhance efficiency, effectiveness, or user experience. Innovation can occur in various forms, including incremental improvements to existing offerings or disruptive breakthroughs that transform industries and markets. It is a key driver of economic growth, competitiveness, and societal progress, often requiring collaboration between individuals, organizations, and sectors. Innovation is not just about invention; it also encompasses the practical application of solutions that lead to tangible benefits and improvements in quality of life.