Mon. May 5th, 2025

    Category: Innovation

    Innovation refers to the process of developing new ideas, products, services, or methods that create value or improve existing solutions. It encompasses the introduction of something novel that enhances efficiency, effectiveness, or the quality of outcomes in various fields, including technology, business, science, and social practices. Innovation can occur through incremental improvements to existing systems as well as radical breakthroughs that transform industries or society as a whole. It is often driven by creativity, research, and the application of knowledge, and it plays a critical role in economic growth, competitive advantage, and addressing challenges.