Innovation is the reasonable utilization of thoughts that outcome in various new kinds of new contributions, similar to items, administrations, cycles, and plans of action, meaning to improve or upset existing applications or make new arrangements. Here in this article, we have explained what is innovation , its meaning , definition , types, and advantages. What is […] The simple definition of innovation in the business context. We also explain which different fields of innovation there are, what types of innovation are happening and the overall meaning . Innovation is the practical application of ideas that result in different types of new offerings, such as ... Why is " innovation " the buzzword for progress? Learn how it signifies breakthroughs in technology, business, and human creativity. 2 meanings: 1. something newly introduced, such as a new method or device 2. the act of innovating.... Click for more definitions.