The video discusses a Python package called Autoviz, used for automating exploratory data analysis.

The business scenario presented is about a multinational company struggling to offer competitive salaries and hikes to employees, resulting in skilled workforce attrition and low acceptance rates for job offers.

The business objective is to maximize employee satisfaction, while the constraint is to minimize costs.

Exploratory data analysis involves analyzing salary distribution and exploring data patterns through various plots such as histograms, bar plots, box plots, and scatter plots to provide insights to the company.

Autoviz is introduced as a solution to automate the exploratory data analysis process, generating multiple plots with a single line of code, saving time for data scientists and analysts to focus on interpreting the data.

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