Definition, Meaning & Synonyms

key innovation

noun

/ki ˌɪnəˈveɪʃən/

Definition

A significant advancement or change that acts as a critical factor in improving products, processes, or services.

Examples

Implementing a key innovation in renewable energy has greatly reduced costs.
The launch of the smartphone was a key innovation that transformed communication.
Key innovations in medicine continue to save lives and improve health outcomes.

Meaning

Key innovation refers to breakthrough ideas or developments that are essential for driving progress and enhancing value in a particular field or industry.