Intel Virtualization Technology (VT) is a set of hardware enhancements that allow a single processor to act as if it were multiple separate processors. This technology enables efficient management of multiple operating systems and applications on a single physical machine, improving resource utilization and performance. VT works by creating virtual environments, or virtual machines, that can run independently. This allows users to run different operating systems simultaneously, making it ideal for software development, testing, and server consolidation. Overall, Intel VT enhances flexibility and efficiency in computing environments.