Data Pump is a utility that replaces Oracle's traditional Export and Import utilities. It allows moving of data and metadata between Oracle databases in a fast, parallel and non-disruptive manner. Key advantages of Data Pump include parallelism for improved performance, resumability if jobs fail, the ability to remap tablespaces and datafiles, and full support for advanced Oracle database features. Data Pump operations involve a master control process that coordinates worker processes to perform parallel loading and unloading of data.