Embarcadero Delphi XE7 allows developers to create highly connected applications for multiple platforms including Windows, Mac, Android, iOS, and devices using a single codebase. It provides tools to develop native apps that connect to enterprise data, cloud services, and devices. The software also includes middleware to securely connect mobile and desktop apps to enterprise databases. Delphi XE7 aims to improve developer productivity through tools like FireUI for cross-platform UI development and the Parallel Programming Library for enhanced performance.