Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or methods that improve efficiency, effectiveness, or value. It involves the introduction of something novel that significantly enhances existing solutions or addresses unmet needs. Innovation can occur in various domains, including technology, business, education, and social practices, and it often entails a creative approach to solving problems or enhancing experiences. The aim of innovation is to bring about beneficial change that can lead to progress and competitiveness. In essence, it is not just about invention but also about the successful application and commercialization of ideas that foster transformation and growth.