Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or processes that improve existing solutions or meet new needs. It involves the transformation of inventions or concepts into tangible outcomes that provide enhanced value, efficiency, or effectiveness. Innovation can occur in various contexts, including technology, business practices, and societal changes, and often requires creativity, research, and experimentation. It plays a crucial role in driving economic growth, competitiveness, and the overall advancement of society by addressing challenges and responding to emerging trends.