The prestigious award given for literary achievement is the Nobel Prize in Literature. Established by the will of Alfred Nobel, the prize is awarded annually to authors, poets, and playwrights who have produced outstanding work in literature. The selection process is conducted by the Swedish Academy, which evaluates works based on creativity, originality, and the ability to convey a deep understanding of the human experience. The Nobel Prize has recognized many influential writers across different genres and languages since its inception in 1901, highlighting the significant impact of literature on society and culture.