Pega is a platform for digital process automation, customer engagement, and operational excellence. It allows users to develop applications, implement mobility features, manage case lifecycles, and perform extensive user interface design. Pega is preferred over other tools due to its ability to eliminate coding and simplify processes using inbuilt functionalities. The document discusses various Pega concepts like workspaces, classes, activities, debugging tools, and certifications. It also covers new features introduced in Pega 8.4 and differences between key concepts like pages and properties.