Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or methods that significantly improve or transform existing systems or practices. It encompasses the generation of novel concepts as well as the practical application of those ideas to generate positive change, enhance efficiency, or address specific needs in society, markets, or industries. Innovation can occur through technological advancements, creative problem-solving, or improvements in business processes, and it often involves taking risks to develop solutions that have not been previously explored. The ultimate goal of innovation is to provide value and drive progress in various contexts.