Redis is an in-memory data store that can be used as a database, cache, or message broker. It supports various data structures like strings, lists, hashes, sets, and sorted sets. Redis stores the full dataset in memory for very fast access, and can persist data to disk using snapshots or append-only files. It is widely used for caching, session storage, real-time analytics, and more due to its high performance and flexibility in handling different data types.