Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or methods that bring about significant improvements or advancements. It involves the application of creativity and new technology to develop solutions that meet changing needs or solve existing problems. Innovation can occur in various fields, including business, science, technology, and social practices, and is often driven by a desire for efficiency, effectiveness, and enhanced performance. It is characterized by originality and the practical application of ideas that result in value addition, whether economic, social, or environmental.