Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or methods that significantly improve or transform existing solutions. It involves the introduction of something novel that provides value, whether through technological advancements, improved efficiency, or enhanced user experiences. Innovation can occur in various fields, including business, technology, science, and social practices, and often seeks to address challenges or meet emerging needs in society. The essence of innovation lies in its ability to foster change and drive progress, making it a critical factor in competitive advantage and sustainable growth.