The document discusses the Optimized Row Columnar (ORC) file format. ORC provides columnar storage, row groups, optimized compression, vectorized processing and other features to improve performance of Hive queries up to 100x. It describes how ORC has been implemented at companies like Facebook and Spotify to significantly reduce storage needs, improve query performance and reduce CPU usage. The document outlines various optimizations in ORC including column projection, stripe splitting, statistics gathering, vectorized processing using SIMD and improvements in compression and encoding of integer, double and string data types.