Innovation

Innovation refers to the process of creating new ideas, products, services, or methods that provide significant advancements or improvements over existing alternatives. It involves turning creative concepts into tangible solutions that can meet emerging needs or solve problems effectively. Innovation can occur in various forms, including technological advancements, process enhancements, or novel business models. It is often driven by research and development, as well as collaboration across different fields or sectors. The goal of innovation is to generate value, whether economic, social, or environmental, and to contribute to progress and competitiveness in markets and societies.