Every power system runs at a fixed frequency — 50 Hz or 60 Hz. A subsynchronous oscillation (SSO) is any electrical or mechanical oscillation that sustains itself below that frequency. The key point is that SSO is defined by where on the frequency scale the oscillation sits, not by what causes it.
SSO specifically excludes one type of oscillation you may already know — the slow rotor-angle swings of synchronous machines (inter-area and local modes in the 0.1–2 Hz band). Those are a separate class of problem governed by different physics and are studied independently. SSO deals with the faster band sitting between those slow swings and the 50 Hz or 60 Hz fundamental.
Why has SSO become more important? For a long time it was mainly a concern for series-compensated transmission lines and a handful of HVDC links. Modern grids have changed that: wind farms, solar plants, HVDC converters, and FACTS devices all contain fast control loops that can interact with the network — and with each other — creating IBR-driven oscillation events that older analysis methods were never designed to catch.