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Neil Malek from Knack Training demonstrates how Power Query can considerably enhance efficiency in handling large datasets. He presents a Sales Records spreadsheet, which is 27.5 megabytes and contains over 300,000 records from 2010 to 2019. Opening, changing, or saving this spreadsheet is time-consuming due to its size. Malek highlights a common issue: users often duplicate efforts by opening the spreadsheet to extract data for reports on specific years, leading to wasted time and editing challenges. He suggests leveraging Power Query to efficiently manage this data without duplicating it, ultimately saving time and resources for users and businesses.