A family of Microsoft presentation graphics products that offer tools for creating presentations and adding graphic effects like multimedia objects and special effects with text.
The simplest approach to this I can think of would be to create the graph in Excel, save the workbook (important!), select the graph, copy it, then Paste Special, Link into PowerPoint wherever it's needed.
You'd only then have to update the data in your Excel file and save. The next time you open the PPT, it would automatically update all the graphs.
If you open the presentation when the Excel source isn't available (for example, you send the PPT/PPTX to someone else and they open it), you'll see the most recently updated version of the graph, but as a picture. The data wouldn't be available but the graph would be visible.
You could accomplish the same *sort* of thing with VBA, but it would probably require even more work to prep the file in the first place than doing it with linked graphs.