Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or methods that bring about change or improvement. It involves the introduction of something novel that contributes to solving problems or enhancing efficiency, effectiveness, and value in various contexts such as business, technology, and society. Innovation can manifest as incremental changes, which are small alterations or improvements to existing products or processes, or as radical breakthroughs that significantly alter the way things are done or disrupt entire industries. The core essence of innovation lies in its ability to transform creativity into practical application, leading to advancements that can drive progress and competitiveness.