Which functionality connects data from Excel to Word and PowerPoint?

Linking Data is the correct functionality that connects data from Excel to Word and PowerPoint. This feature allows users to create dynamic connections between their Excel spreadsheets and the documents or presentations in Word and PowerPoint. When data is linked, any updates made in the Excel file will automatically reflect in the Word or PowerPoint files where the data is linked. This ensures consistency and accuracy across the documents, facilitating easier updates and reducing the risk of errors.

Other functionalities such as Data Export and File Transfer might involve moving or copying data from one application to another; however, they do not establish the dynamic connection that Linking Data does. Data Sharing pertains to the collaborative aspects of sharing files or data sets with others but does not specifically address the integration of data between these applications in the context of maintaining live connections.