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Steve from Excel Dashboard Templates introduces a tutorial on creating a calculated field in a pivot table. He emphasizes the benefits of using this feature to save time and enhance pivot charts. The tutorial begins with sales data for various salespeople, demonstrating how to access contextual ribbons by clicking on the pivot table. He navigates to the Pivot Table Tools Analyze section and selects "Fields, Items, and Sets," then chooses "Calculated Field." Steve names the new field "Commission" and explains that it will calculate a 5% commission on sales. This calculated field can then be utilized in other analyses and visual representations.