Innovation refers to the process of creating and implementing new ideas, products, services, or methods that offer significant improvements or solve existing problems. It involves the introduction of something novel that adds value, enhances efficiency, or addresses market needs, often resulting in positive changes within industries or society. Innovation can take various forms, including technological advancements, improvements in processes, or the development of entirely new business models. It plays a critical role in driving economic growth, fostering competitiveness, and addressing challenges across various sectors.
Toshiba is set to transform its research and development efforts by opening a new comprehensive research institute on April 1st. This institute aims to merge previously scattered departments, enhancing the…