Datadog's saved views feature allows users to save sets of frequently used template variables for easy access and visualization of specific data on dashboards. This helps teams within an organization filter dashboard graphs based on their needs, such as viewing the health of particular services in certain regions. Saved views can also be used to map metric metadata into a more human-readable format. To create a saved view, users set template variables and save them with a name. Managing saved views involves editing or deleting sets through the "Manage views" option. This feature enhances data accessibility for all teams within an organization as it evolves.