Innovation
Innovation refers to the process of creating and implementing new ideas, products, services, or methods that improve efficiency, effectiveness, and value. It involves the introduction of something novel that can potentially lead to significant advancements in various fields, including technology, business, science, and social practices. Innovation can take many forms, including incremental improvements to existing solutions or radical breakthroughs that disrupt traditional ways of doing things. It is characterized by creativity and a willingness to take risks to explore uncharted territories. In a broader context, innovation can drive economic growth, enhance competitiveness, and respond to changing consumer needs and societal challenges.