Innovation

Innovation refers to the process of developing new ideas, products, services, or methods that improve existing practices or meet new challenges. It involves creativity, experimentation, and the application of novel concepts to solve problems or enhance value within various contexts, including technology, business, and society. Innovation can manifest as incremental changes—small refinements to existing technologies—or radical breakthroughs that disrupt established markets and practices. It is a key driver of economic growth, competitiveness, and progress, enabling organizations to adapt to changing environments and consumer needs. Ultimately, innovation is about translating ideas into actionable solutions that enhance quality of life or increase efficiency and productivity.