Innovation

Innovation refers to the process of developing and implementing new ideas, products, services, or methods that enhance or transform existing practices or create entirely new markets. It is characterized by originality and the application of creativity to solve problems, improve efficiency, or fulfill unmet needs. Innovation can occur in various contexts, including technology, business, education, and social systems. It often involves taking risks and challenging the status quo, leading to advancements that drive progress and competitiveness. Ultimately, innovation aims to add value and improve quality of life by introducing novel solutions that address specific challenges or opportunities.