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The 4 Types of Innovation Innovation is a variety of creative and new thinking that arises from the interaction of people and objects. It can take many forms, including technology, business, health care, and education. Innovation is essential for growth and success in any industry. Here are four types of innovation that can help your business achieve its goals.: Testimonial: This type of innovation refers to the use of customer testimonials to create a sense of trustworthiness in a product or service....