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In this video tutorial, the presenter introduces the DAX function SELECTEDVALUE, highlighting its usefulness and versatility in various scenarios. Understanding the function's purpose is crucial for effective usage. The tutorial features an example involving a report that displays product names, sales amounts, and product classes in a table format. The presenter demonstrates the flexibility of the table, as columns from the product table can be arranged freely. He then transforms the table into a matrix, indicating the capability to adapt the report's structure while maintaining the data's relevance. SELECTEDVALUE empowers users to manage data presentation effectively.