Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or methods that improve efficiency, effectiveness, or quality. It involves transforming creative concepts into tangible outputs that provide value, drive change, and address specific needs or problems. Innovation can occur in various forms, such as technological advancements, design improvements, business model changes, or enhanced processes. It is a critical driver of economic growth and competitiveness, fostering an environment where new solutions can emerge and existing practices can evolve. Ultimately, innovation is not just about invention; it is about utilizing new approaches to enhance capabilities and provide better outcomes.