Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or processes that significantly improve or transform existing standards. It involves the introduction of something new or a new perspective that adds value, solves problems, or enhances efficiency. Innovation can occur in various domains, including technology, business, education, and social practices. The essence of innovation lies in its ability to drive progress and foster competitive advantage through originality and creativity. It is often seen as a critical factor for growth and sustainability within organizations and economies.