Innovation refers to the process of creating and implementing new ideas, products, services, or processes that bring about significant improvements or advancements in various fields. It involves the application of creativity, problem-solving, and critical thinking to develop novel solutions that address existing challenges or meet emerging needs. Innovation can occur in any sector or industry and can range from incremental improvements to disruptive breakthroughs that revolutionize entire industries. It often involves taking risks, embracing change, and challenging conventional thinking to drive progress and drive economic growth.