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Category: Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or processes that add value or improve existing solutions. It involves the introduction of novel concepts or enhancements that can lead to increased efficiency, effectiveness, or competitiveness in various domains, including technology, business, and social practices. Innovation can occur through incremental improvements that enhance current offerings or through radical changes that disrupt established markets and create entirely new industries. It is driven by creativity and research and development, and it encompasses both the generation of ideas and their practical application. Overall, innovation is a key driver of progress and economic growth, fostering advancements that can enhance quality of life and address complex challenges.

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