Microsoft Office - uniquely Office, designed for Mac.
New versions of Word, Excel, PowerPoint, Outlook and OneNote provide the best of both worlds for Mac users - a familiar Office experience combined with the best applications and Mac experience.
We all know what Office is and paint marketing cheat sheets once again makes no sense to me.
This is the same Office, familiar to us.
A fairly complete description can be found in the previous distributions of my colleagues on the tracker: here and here for example.
Let's take a look at the Release Notes and decide whether to specifically install this build.
But in general, according to the developer of innovations, there are not many, in addition to them, it is possible that some glitches were solved, but I believe that this is the same Office size of builds 16.2x

WHAT'S NEW
Version 16.27 (Build 19071500)
Word: Feature updates
Fixed various performance issues.
Excel: Feature updates
Fixed various performance issues.
Excel: Security updates
CVE-2019-1110: Microsoft Excel Remote Code Execution Vulnerability
CVE-2019-1111: Microsoft Excel Remote Code Execution Vulnerability
PowerPoint: Feature updates
Fixed various performance issues.
Outlook: Feature updates
Share Attachments From Your Cloud Files: Easily attach.
Outlook: Security updates
CVE-2019-1084: Microsoft Exchange Information Disclosure Vulnerability
Add. information:
Description of the build in English: https://docs.microsoft.com/en-us/officeupdates/release-notes-office-for-mac

Year of release: July, 2019
Version: 16.27
Developer: Microsoft
Developer website: www.microsoft.com
Operating system: Apple macOS X
Platform: Intel
Interface language: Multi
Tablet: Patch
System requirements:
Intel 64-bit processor
Apple macOS X 10.12 Sierra or later
1GB RAM
9GB of free space on the HDD / SSD