Innovation

Innovation refers to the process of developing new ideas, methods, or products that bring about significant improvements or advancements in a particular field. It encompasses the introduction of novel solutions that meet new requirements, unarticulated needs, or existing market demands. Innovation can occur in various domains, including technology, business, science, and social practices.

It often involves creativity and the application of knowledge in new ways, leading to enhanced efficiency, effectiveness, or value. Innovations can be incremental, which are small improvements to existing solutions, or disruptive, where they replace existing products or services altogether. The goal of innovation is to leverage creativity and resources to create meaningful change that can drive progress, enhance competitiveness, or improve quality of life.