Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or processes that bring about significant improvements or changes. It involves not just the invention of fresh concepts but also the practical application of these ideas to enhance efficiency, effectiveness, or value. Innovation can occur in various contexts, including technology, business, education, and social systems. It often aims to solve existing problems, fulfill unmet needs, or create new opportunities. The successful outcome of innovation typically leads to advancements that drive economic growth, increase competitiveness, and improve quality of life.