Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or processes that provide added value or improve upon existing solutions. It encompasses not only the invention of novel concepts but also the practical application of these ideas to meet changing market needs, enhance efficiency, or solve problems in meaningful ways. Innovation can occur in various fields, including technology, business, education, and healthcare, and often involves a combination of creativity, research, and experimentation. It is a critical driver of economic growth and competitive advantage, as it enables organizations and societies to adapt to evolving circumstances and seize new opportunities.