Innovation refers to the process of creating new ideas, products, services, or methods that bring significant improvements or advancements in a particular field or industry. It encompasses the introduction of novel concepts or improvements that enhance efficiency, effectiveness, or value. Innovation can be technological, conceptual, or procedural, and it often involves taking risks and experimenting with different approaches to solve existing problems or meet emerging needs. The goal of innovation is to provide solutions that positively impact individuals, businesses, and society as a whole, fostering growth and competitiveness.
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