Innovation

Innovation refers to the process of developing new ideas, products, or methods that improve existing systems, services, or technologies. It involves creativity and the application of knowledge to create value or solve problems in novel ways. Innovation can manifest in various forms, including incremental improvements on existing concepts or radical breakthroughs that change the way we think or operate. The goal of innovation is to enhance efficiency, effectiveness, and competitiveness, often leading to advancements in industries, economies, and societies. It is a key driver of growth and progress, fostering a culture that encourages experimentation and adaptation to meet changing needs and challenges.