Technological innovation refers to the process of developing new technologies or improving existing ones to enhance efficiency, effectiveness, and usability. This can include advancements in areas such as artificial intelligence, renewable energy, and biotechnology. These innovations often lead to new products, services, or methods that can transform industries and improve quality of life. The impact of technological innovation is widespread, influencing various sectors like healthcare, transportation, and communication. For example, the rise of smartphones has revolutionized how people connect and access information. Overall, technological innovation plays a crucial role in driving economic growth and addressing global challenges.