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Innovate

oboloo Glossary

Innovate

Innovate Definition

Innovate: to introduce something new; make changes in anything established.

Innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. Such innovation takes place through the provision of more-effective products, processes, services, technologies, or business models that are made available to markets, governments, and society. An innovation is something that is new and has been developed and implemented to fulfill a particular purpose – it improves upon what came before and makes it more effective at fulfilling its intended function.

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