Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or methods that add value or improve upon existing solutions. It can involve technological advancements, new business models, or changes in organizational practices. Innovation is often driven by the need for improvement, competitive advantage, or addressing unmet needs in the market. It can occur through incremental changes, which refine existing processes, or through disruptive changes, which create entirely new markets or paradigms. At its core, innovation is about enhancing functionality, efficiency, and effectiveness in various domains, including technology, business, and social systems.