Dask is an open-source Python library that allows users to work with large datasets and speeds up computations by parallelizing tasks across multiple workers. It provides a familiar interface to common Python data science libraries like NumPy, Pandas, and Xarray, while also offering flexibility through functions like dask.delayed. Dask constructs a graph of tasks, optimizes it, and sends tasks to workers like in a cluster or cloud to run computations in parallel, allowing users to work with arbitrarily large datasets.