Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or methods that effectively meet changing needs or solve existing problems. It involves introducing novel concepts that can lead to improvements or transformations in various sectors, such as technology, business, and social practices. Innovation is often characterized by creativity, experimentation, and the application of scientific findings or technological advancements. It can occur incrementally, with small improvements over time, or through disruptive changes that redefine markets or industries. The ultimate goal of innovation is to add value, enhance efficiency, and improve the quality of life.