What is LVT doing

Hi All,

I have a fairly simple question to everyone in the forum.

For a while, I have been trying to understand how LVT product work, watched several youtube clips about how to make these widgets.
I am sure it is a great product for Microsoft to recognise them,

But I just cannot understand why would a company buy this? Call me a dinosaur; can someone pls explain how this works in real world?

Any explanation is much appreciated