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In this video tutorial, Richard from Arcable introduces the concept of SharePoint Online Organizational Asset Libraries. These libraries can store templates like Word, PowerPoint, and Excel documents, as well as images for easy access by users. By utilizing this feature, companies can ensure that employees have access to the latest approved logos and templates in a convenient and efficient way, avoiding the use of outdated or personal versions. Organizational Asset Libraries in SharePoint Online offer a solution to locating and using approved resources quickly and effectively.