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In this video tutorial, the presenter explains how to extract information from PDF files in Python using different libraries tailored for specific tasks. The approach suggested is to use individual libraries for extracting images, text, and tables, as each library excels in its designated function. The video is divided into three sections, focusing on these three distinct tasks using separate Python packages. This method is deemed easier and more efficient than relying on a single library for all functions, especially when dealing with extensive PDF parsing.