Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or processes that bring about significant improvements or advancements. It involves introducing something novel that can enhance efficiency, effectiveness, or value in various contexts such as technology, business, or social practices. Innovation can take many forms, including incremental changes—small, gradual improvements to existing products or services—or radical innovations that create entirely new markets or disrupt existing ones. It is driven by the need for progress and often involves collaboration, creativity, and experimentation to solve problems or meet changing demands in society.