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One of the great things about Excel is its flexibility in handling data, allowing for various formats and uses from financial models to art. However, storing data in the wrong layout can hinder the use of Excel's built-in tools, leading to complex formulas and difficulties with pivot tables. This video highlights the five most common layout mistakes in data storage, explains why they are problematic, and demonstrates the correct way to store data to increase productivity. Avoid the third format at all costs for optimal data organization.