Cameras with more dynamic range allow you to take photos with dramatic differences in highlight and shadow areas while retaining detail in both.
Think of a brilliant sunset on a rocky beach: Bright sunset in the background, with dark rocks in the foreground. High dynamic range means more of the extremes will be faithfully reproduced.
Dynamic range test data courtesy of DxO Mark.Coolpix A test data on DxO Mark EOS M3 test data on DxO Mark
Solid alloy body with true twin-dial design; Smaller, lighter, and cheaper than most direct competitors; Excellent image quality, even when compared to interchangeable-lens cameras; Numerous accessories expand upon its capabilities.
Fixed prime lens is not for everybody; Ergonomics could be better; Performance is spotty; Built-in flash is rather weak; Battery life is quite modest.
DSLR image quality & resolution in a mirrorless body; Higher-res 24MP APS-C sensor; Much improved AF performance; Better ergonomics with full PASM dial; Built-in Wi-Fi & NFC; Tilting LCD.
No built-in EVF; Limited native lens selection; Slow burst mode; Shallow buffer depth with RAW files; No 60p video frame rate or 4K video option.