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- technological innovation
definition:
Technological innovation refers to the process of developing, introducing, and applying new or improved technologies, products, processes, or business models to create value, enhance efficiency, or address unmet needs in industries, markets, or society. It often involves translating scientific knowledge into practical, usable solutions that drive progress and competitive advantage.
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Technological innovation is the development, introduction, and implementation of new or enhanced technologies, products, processes, or business models that create value, improve efficiency, or solve problems to drive progress in industries, markets, or society.