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What is innovation? Innovation, or the creative process that brings new ideas to a product or service, is an essential part of the economy. Innovation allows businesses to constantly improve their products and services while also keeping up with the latest technologies. But what exactly is innovation? Innovation can be described as a change in how something is done, or in the way something is expressed. It can also refer to the development of new technology, which can allow for a new level of customer satisfaction or efficiency....