The concept of zero was first discovered by Indian mathematician Aryabhata around 520 AD and later gained recognition in Western society by the early 1200s. Historically, various ancient civilizations like the Egyptians and Greeks developed sophisticated number systems without zero, leading to limitations in arithmetic and accounting. Zero, as a crucial mathematical element representing the boundary between positive and negative numbers, was eventually accepted in Europe through the work of figures such as Fibonacci, highlighting its importance in mathematics.