Innovation

Innovation refers to the process of creating new ideas, products, services, or methods that improve upon existing solutions or introduce entirely novel concepts. It embodies the application of creativity to develop effective solutions that address specific problems or unmet needs. Innovation can occur in various forms, including technological advancements, business model improvements, and enhanced processes that increase efficiency or effectiveness. It plays a crucial role in driving growth, competitiveness, and progress across industries and sectors. Successful innovation often involves collaboration, experimentation, and a willingness to embrace change.