Point Cloud Menu

The Point Cloud menu lists the functions dedicated to Point Cloud optimization:

Menu option	Description	Keyboard Shortcut
Decimate	Reduces the number of points in a Point Cloud, making it easier to manipulate or to create LODs out of it Check out this video to learn more about this feature:
Tessellate	Generates a mesh from a Point Cloud
Proxy Mesh + Bake	Automatically generates a Proxy Mesh out of a selection of Point Cloud, with optional automatic Diffuse texture generation
Segment	Explode a Point Cloud in multiple Point Clouds by splitting points using voxels