Innovations

Implementation of new ideas creating value.

new inventions creative advancements

Innovations refer to the implementation of new ideas, methods, products, or processes that create value by addressing existing challenges or fulfilling unmet needs.

Etymology

From French innovation, from Latin innovare meaning 'to make new'.

Explain Like I’m 5

Innovations are like when someone comes up with a new idea, like inventing the light bulb or creating a faster way to do chores, and it makes things better for people.

Fun Facts

Innovation is not just about inventing something new
it's also about improving existing things
Many innovations build on previous ideas and technologies
The concept of innovation has evolved over time, from a focus on invention to include implementation and value creation

FAQ

What is innovation? It's the process of creating and implementing new ideas
How does it create value? It can improve products, services, or processes
What are some examples? The internet, smartphones, and electric cars are all innovations

Synonyms — Similar or Related Terms

new ideas advancements improvements

Hypernyms — Broader Categories

change progress development

Hyponyms — Specific Examples

invention discovery improvement

Holonyms — Wholes or Groups

business technology society

Indexes

economically significant problem-solving technological

Built by Tim Jones