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Greg from SharePoint maven explains how to edit documents in SharePoint and OneDrive. Demonstrating in a SharePoint site, he highlights that the same functionality can be applied in OneDrive. This only pertains to Microsoft Office documents like Word, Excel, PowerPoint, and OneNote. He emphasizes the ability to make changes directly in a document stored in a SharePoint site or in OneDrive. Demonstrating with a document library in a team site, he opens a Word document to show the editing process.