9 June 2025

Innovation

Innovation refers to the process of developing and implementing new ideas, products, services, or methods that create significant improvements or solve existing problems. It involves the introduction of novel concepts that can enhance efficiency, effectiveness, or usefulness in various fields, including technology, business, healthcare, and education. Innovation can take many forms, such as incremental improvements to existing offerings, radical breakthroughs that reshape industries, or disruptive innovations that alter market dynamics. The goal of innovation is to add value and drive progress, often leading to competitive advantages for organizations and better solutions for society as a whole.