Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or processes that improve or transform existing systems or address unmet needs. It involves the introduction of something novel, either by enhancing existing solutions (incremental innovation) or by creating fundamentally new concepts (disruptive innovation). Innovation can occur in various domains, including technology, business, education, and the arts, and is often driven by advances in research, changes in consumer demands, or shifts in market dynamics. The goal of innovation is to add value, enhance efficiency, increase competitiveness, and foster growth, ultimately leading to societal or economic benefits.