Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or methods that significantly improve or transform existing practices. It involves taking innovative concepts from the initial stage of ideation through development and into practical application, ultimately leading to advancements in technology, efficiency, and problem-solving. Innovation can occur in various fields, including business, technology, healthcare, and education, and can manifest as incremental improvements or groundbreaking advancements. It is driven by creativity and a desire to address unmet needs or improve current solutions, fostering economic growth and societal progress.