Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or processes that significantly improve or enhance existing ones. It involves the application of creativity and inventiveness to address challenges or meet needs in ways that are novel and effective. Innovation can occur within various contexts, including technology, business, education, and social enterprises, and can manifest as incremental improvements or radical breakthroughs. It is a key driver of economic growth and competitiveness, helping organizations and societies to adapt to changing circumstances and improve their overall efficiency and effectiveness.