The Vectorize Image function turns a Rastor (Image) into a Vector (Cuttable Format).
In the Design Editor it can be saved as a Deboss, Pen or cut in Vinyl.
In Trace it can also be saved as a cuttable CutArt.
Note that the Vectorizing utility in Trace has additional parameters that can be adjusted if you need more control of how an image is Vectorized.
Raster to Vector Conversion
How to Make PhotoShop Pictures Easier to Vectorize and Cut: Trace
Importing Vector Designs into Trace
Load File Image in Visualize
Load File Image: Trace
Loading Multiple Images: Images Tab
Pixels Per Unit: Images Tab
Raster
Raster to Vector
Take Picture: Trace
Take Picture in Visualize
Trace Vectorize
Vector
Vector Versus Raster Format
Vectorize Tab: Trace
Vectorize Image in the Design Editor: Opening Tab
Camera Defaults: Editor Default Settings
Camera Init Timeout: Editor Default Setting
Camera Retries: Editor Default Setting
Camera Timeout: Editor Default Setting
Get Scale on File Load: Application Default Setting
Images: Application Default Setting
Limit Image Size: Application Default Setting
Tangent Threshold: Cutting Default Setting