This video introduces Amazon VPC IP Address Manager (IPAM), a service launched at re:Invent 2021 that helps automate IP assignments, monitor IP usage, and perform retrospective analysis across AWS accounts and regions. Daniel Iannuzzi, a software development manager at AWS, demonstrates how to set up IPAM with AWS Organizations. He explains key concepts like scopes, pools, and allocations, then walks through the process of creating an IPAM, including delegating admin control to a network management account and exploring the IPAM dashboard. The video highlights IPAM's capabilities for managing both IPv4 and IPv6 addresses across multiple AWS accounts and regions, making it a powerful tool for organizations to efficiently manage their IP address space.