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In this video, Kevin introduces the new Microsoft Lists, now generally available. He highlights its unique features that differentiate it from traditional spreadsheets. Microsoft Lists allows users to create and organize lists for effective information management and collaboration with others. One of its key advantages is the ability to visualize data in various formats, including a standard grid similar to Excel and a card format. Although the tool is now fully available, additional features are still being rolled out over time, enhancing its value as a web product.