The benefits of innovation: What are they, and what can we take away from them? Innovation is the process of exploring, researching, and testing new ideas in order to improve or create new products or services. It can be seen as a way to modernize and improve industries, as well as create new businesses. Some of the benefits of innovation include: increased efficiency and productivity in businesses, reduction in waste, improved safety and security for those working with technology, and increased innovation potential for companies.
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