Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or processes that provide significant improvements or solve problems in novel ways. It encompasses the development and application of original concepts, often leading to advancements in technology, business practices, or social methods. Innovation can take various forms, including incremental improvements to existing offerings, radical changes that disrupt markets (disruptive innovation), or the introduction of entirely new solutions (breakthrough innovation). The goal of innovation is to enhance efficiency, effectiveness, and value for individuals, organizations, and society as a whole.