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Microsoft Forms allows you to easily gather data for surveys, feedback, and online data entry through customizable fillable forms linked to Excel for data control and analysis. By the end of the tutorial, you'll learn to create forms with various features like drop-downs, multiple choice, calendars, and star ratings, all without any programming or add-ons, just using a Microsoft 365 account. The video is sponsored by Grid, which transforms spreadsheets into interactive web documents that can be securely shared. Instructions will follow to help you create your own data collection forms.