Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or processes that provide added value or improve upon existing solutions. It encompasses a wide range of activities, from scientific and technological advancements to changes in strategies and business models. Innovation can be incremental, involving gradual improvements to existing offerings, or radical, leading to groundbreaking inventions that create entirely new markets or change how industries operate. At its core, innovation is driven by the need to solve problems, meet customer needs, or enhance efficiency, ultimately contributing to economic growth and societal progress.