I try to imagine how it will affect on the VFX intustry. I have to look closer, but I think it is a step toward a procedural pipeline and task management which is basically project-asset management from a bird's eye view.
All the details are here:
Side FX PDG
(updated on 2023-06-20 the link was broken so it turned out that PDG is now under Houdini which soft of a admission of that PDG is not software agnostic solution sadly)