Innovation refers to the process of developing new ideas, products, or methods, or improving existing ones in a way that creates value. It can involve technological advancements, creative problem-solving, or novel approaches to existing challenges. Innovation is key in various fields, including business, science, and the arts, as it drives growth, efficiency, and competitiveness. It encompasses both incremental changes, which are small improvements or updates, and radical changes, which significantly alter the status quo. Ultimately, innovation is about applying creativity and knowledge to produce meaningful advancements that can enhance quality of life, productivity, and economic performance.
Toshiba is launching a Central Research Institute to unify its research and development efforts. This initiative combines roughly 2,000 researchers and engineers to enhance innovation and rapid commercialization. The focus…