Technological innovation refers to the development and implementation of new technologies, processes or methods that significantly improve existing products, services or systems. It involves creating something new or improving upon an already existing technology in order to enhance its functionality, efficiency or performance. Technological innovations can be driven by various factors such as advancements in science, changing consumer needs and market demands, or the desire for increased competitiveness. The goal of technological innovation is often to create new value propositions that can help businesses stay ahead of their competition, improve productivity, increase efficiency, reduce costs, and ultimately enhance overall performance.