Streamlit offers an open-source Python framework that allows data scientists and AI/ML engineers to quickly create and share interactive web applications. Users can transform data scripts into web apps in minutes, making complex data more understandable for non-technical teams. The company differentiates itself by providing a free framework and a paid Streamlit Community Cloud for app deployment and management. Streamlit's goal is to simplify the creation of data applications, enabling professionals to effectively communicate insights to a wider audience.