Redis is an open-source, in-memory data structure store that can be used as a database, cache, and message broker. It supports a wide variety of data structures such as strings, hashes, lists, sets, and sorted sets. Redis provides high performance and scalability by keeping all the data in memory and using advanced techniques like data sharding and replication to distribute and store the data across multiple nodes. It also provides built-in features like pub/sub messaging, Lua scripting, and transactions. Redis is widely used in web applications, real-time analytics, caching, and session management.