Innovation refers to the process of introducing and implementing new ideas, methods, products or services that bring positive changes and solutions to existing problems or needs. It is about creativity, exploration and the ability to see new possibilities. Innovation can be technological, business, cultural or societal, and it drives progress across different sectors.
Key elements of innovation include research and development, entrepreneurship, and the ability to adapt to change. Innovators challenge the status quo and constantly search for better ways to solve challenges. It is a critical driver of growth and improvement at the individual, organizational and societal levels. Through innovation, society can benefit from increased efficiency, sustainable solutions and improved quality of life.