When a product or service that was previously only available to affluent or highly educated consumers is transformed into one that is more widely available and accessible, this is referred to as disruptive innovation.

The process of developing new financial products, services, or processes is known as financial innovation.

Return on innovation investment is a performance metric used to assess how well a company's investment in novel goods or services has worked out.

An environment that encourages original thought and experimentation to enhance goods, services, or procedures is known as an innovation culture.

Read about the 4 different types of innovation in this blog.