MySQL 5.7 introduces significant performance enhancements, including 3x faster speed compared to MySQL 5.6 and improved features such as JSON data type support, robust replication options, and an enhanced optimizer for better query performance. It also incorporates advanced manageability improvements, expanded GIS support, and enhanced security measures. Additionally, new functionalities like dynamic buffer pool resizing and multi-source replication further increase the system's efficiency in managing complex workloads.