What is innovation?

Answer 1

Innovation is the process of creating or introducing a new product, service, process, or idea that adds value to people's lives and helps them overcome problems or meet their needs in better ways. It involves designing and implementing new and improved solutions that are novel, practical, and useful, and that have the potential to transform industries, markets, and communities. Innovation is driven by creativity, experimentation, technological advances, and customer insights, and it often requires collaboration, risk-taking, and continuous learning and adaptation.